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Ripple (XRP) Struggles As Bearish Divergence Emerges, Eyes $0.42 Support

Ripple (XRP) Struggles As Bearish Divergence Emerges, Eyes $0.42 Support thumbnail
  • XRP price slows down after several days as price remains bullish despite showing weakness.
  • XRP trades above 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs with the emergence of bearish divergence. 
  • The price of XRP continues to hold strong and could retest $0.42 support. 

The price of Ripple (XRP) continues to hold strong as the price aims to maintain its bullish price movement against tether (USDT). Ripple (XRP) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap looking good for cryptocurrencies across the industry, with many producing double-digit gains. XRP gained the most attention as the price moved with so much strength. (Data from Binance) 

Ripple (XRP) Price Analysis On The Weekly Chart

Despite having a tough time throughout the year

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