Analysis

XRP Price Analysis March 11

Ripple’s XRP returned to the red on Saturday, falling 5.63% to end the day at $0.77512, reversing Friday’s 2.07% gain, which was the only positive move since Monday’s 12.6% rally.

There were few highlights for Ripple’s XRP on Saturday, with an intraday high $0.8414 falling short of the day’s first major resistance level of $0.86858, while the day’s low $0.74251 tested the day’s first major support level of $0.7494.

Fortunately for the bulls, support kicked in at the end of the day, with Ripple’s XRP closing out the day at higher levels, while falling short of $0.80 levels for the first time since 8th February.

At the time of writing, Ripple’s XRP was down 0.17% to $0.77543, with the morning’s losses certainly on the lighter side relative to its peers.

A break through to $0.80 levels is needed to restore some confidence and give Ripple a chance of ending, what has been quite a dire week, on a high note. Breaking through $0.80 would give Ripple’s XRP a run at $0.83018, the day’s first major resistance level, with support levels unlikely to be tested through the day, barring a material new event hitting the news wires.

FX Empire

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