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The price of Ripple extended its downside movement and now is trading at 0.4520 at the time of writing. In the short term, the price action developed a range formation, so only escaping from this pattern should bring new opportunities.
In the last 24 hours, Ripple is down by 2.28% and by 5.20% in the last 7 days. Bitcoin's drop forced the altcoin to drop as well.
As you can see on the H4 chart, the rate failed to take out the 0.4790 and now it has turned to the downside. Still, it's trapped between 0.4790 and 0.4402. It remains to see how it reacts after reaching 0.4402.
Its failure to stay within the ascending pitchfork's body (above the lower median line) signaled strong sellers.
Dropping and closing below 0.4402 activates further drop and is seen as a new selling signal.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
