Ripple (XRP) Analysis – 22/01

■ Current Situation:

The price of Ripple is still under selling pressure with a clear downward trend forming.

Currently, the price is moving above the support range at 1.8210 – 1.9119.

If the price can hold above, it will attempt to test the current resistance area at 1.9837 – 2.0129.

In case it breaks above and holds, the price may continue to rise towards the next resistance at 2.1897 – 2.2971, thus breaking the downward trend.

However, if the current support is broken, it is likely that the decline will continue towards the next support at 1.5659 – 1.4913.

■ Technical Levels:

 Resistance:

Current Resistance: 1.9837 – 2.0129 (+6% to +8%)

Next Resistance: 2.1897 – 2.2971 (+17% to +23%)

Support:

First Support: 1.8210 – 1.9119 (−3% to +2%)

Next Support: 1.5659 – 1.4913 (−16% to −20%)