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XRP
Long

Ripple XRPUSD Looking for consolidation in the $0.25 -$0.26 area

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On Thursday, January 30, the popular altcoin formed another green candle and moved up to $0.243 pushing price 3.8 percent higher.
The last day of the workweek once again proofed that neither bulls nor bears were strong enough to take over control of the situation. The coin fell down to $0.238 after trading as low as $0.233 during intraday.
The XRP closed the month of January with an increase of 25 percent.
The weekend of February 1-2 started positively as the “ripple” moved up to $0.24. On Sunday, February 2 it smashed through the $0.25 support line and peaked at $0.262, just to close the week at $0.251.

  • XRP set a new year-to-date high - $0.261
  • $0.25 to serve as a support while the $0.25-0.26 will be important for the mid-term consolidation
  • Trading volumes were stable around $2 billion for the whole week, then peaked to $2.8 billion on Sunday, February 03.


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