XRPBitcoin $113,239.43 His appearance is broken again as he approaches the end of the month. The XRP/BTC parity moves around 0.000025 after a short -term attempt over 0.000030 level. In the daily graph, candles are under the middle line of the Bollinger band and the bands are tight. This points to the downward train. Bitcoin’s market share is about 59 percent. crypto currency It reinforces the weakness in the parity because it is on its side.
Daily and weekly graphics give signs of weakness
In daily graphics XRP/BTC Parity It protects the course under the middle line of the Bollinger band. The narrowing of the bands usually prepares a hard movement, while positioning the price close to the lower band emphasizes the risk of down direction. 0,000030 BTC After the unsuccessful trial on the level, around 0.000025 support is maintained. The existing table shows that buyers have difficulty producing acceleration.
In the weekly graph, the negative picture is more pronounced. The recovery that started at the end of last year brings rise from the lowest levels of recent years, but the rise was blocked at 0.000030. The weekly closures are gradually looking down in the search for parity support after each withdrawal from the upper band and after every withdrawal from the upper band. The next easy accessible zone stands out in the graph 0,000023 level. Even if the reaction rise before the sagging is experienced below this level, there is no permanence confirmation on resistance.
In the monthly graph, the table is negative
The monthly graph is not a desired table. XRP in the past BitcoinHe presented rates in the same league. In 2017, it watched over 0,000100 BTC and reached 0.000200 at the summit. That period was left behind. For more than five years, the thick ceiling level of around 0.000055 level has not been crossed. The level corresponds to a strong sales reflex in each attempt. This reflects the permanence of the resistance around the 0.000030 level in the background.
While the compression and tape shrinkage of around 0.000025 BTC continues, the preference of the capital flow makes the parity disadvantageous. The high market share of the largest crypto currency and the general weakness in the Altcoin parities XRP/BTC It also causes pressure on it.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
