XRP Market Struggles, Stopping Corrections – Feb 23
There has been a line of declines in the Ripple XRP/USD trading economy as the market struggles, halting corrections. The price rose from a low of $0.70 to reach a high of $0.74 during today’s trading with a positive percentage of 0.58.

Market Struggles, Stopping Corrections: XRP Market
Key Levels:
Resistance Levels: $0.80, $0.90, $1.00
Support Levels: $0.60, $0.50, $0.40
XRP/USD – Daily Chart
The daily Ripple XRP/USD chart reveals that the crypto-economic market struggles, halting corrections. The February 7 bullish candle has emerged to propel the crypto market to some highs. But it almost saw the full reversal trading conditions present in an erratic perspective. The 14-day SMA indicator is below the 50-day SMA indicator. Stochastic oscillators are in the oversold region with their lines closed.

Could the Ripple XRP/USD trade retrace north as the cryptocurrency market struggles, halting corrections?

In a way, it indicated that the Ripple XRP/USD trade could potentially resume; pushing north quickly as the cryptocurrency market struggles, halting corrections. A slight downward push against the $0.70 level could push the market back to move furiously towards its previous support at $0.60 so buyers can rethink to increase positions.

On the downside of technical analysis, the intensification of selling efforts must be below the psychological trading level of $0.80 if the Ripple XRP/USD short marketers are to dominate the trend. To that end, some less volatile pull-ups need to surge around the value line on purpose to encounter resistance which in turn will yield to a downside force. And, the sell order exercise must follow to avoid late entry.

XRP/BTC price analysis

By comparison, the pairing of Ripple XRP with Bitcoin appears to maintain a downward move above the buy signal side of the SMAs. The signal on the price analysis chart apparently did not suggest that the cryptocurrency pair market struggles to stop corrections. The 14-day SMA has briefly intercepted the 50-day SMA to the upside as a bearish candle is forming to average the lower trading indicator from the top. Stochastic oscillators are in the oversold region, pointing south to signify that the base crypto may still have to drop a little for the counter cryptocurrency for a while.

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