On the Ripple chart, we see the price hitting the 5-day moving average. As a result, the price target at Adele is 0.1720 and then breaks into support at 0.3159. We also see this trend in the MACD indicator.
The main support and resistance points in Ripple:
S1 : 0.2191
S2 : 0.2126
S3 : 0.2038
Pivot Points : 0.2280
R1 : 0.2344
R2 : 0.2435
R3 : 0.2503
Analysis based on technical indicators :
Moving Average Analysis:
In the news, there is also a sharp drop in Ripple sales over the past month, showing a decline of over 80%, which is negative for the digital currency. On the other hand, because of the 50% of all Ripple coins in its hands, some users have not announced Ripple as a good investment option. But on the other hand, Ripple's CEO said in a speech in Switzerland that he would reduce his ownership in 2020. Experts have not yet discovered the reason for Ripple's low sales in the last three months of 2020.