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Since eight months, XRP/USD has been trying to break the resistance against the US dollar which is where the line of the moving average 200 without success.
As you can see in the graph above, there have been 3 failed attempts in the past and some of the time the Ripple even rose slightly above the moving average 200 but it did not last.
In the past two days the Ripple has made a big rally and almost touched the moving average 200 but it soon fell again (Reinforces our idea of resistance strength).
Our recommendation is to buy Ripple as long as we are above the average line moving 100 (above the price $0.3260) which is the purple line in the above graph.
Buy Ripple: $0.3460
Take profit: $0.3724
Take profit 2: $0.4100
Stop Loss: $0.3210
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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
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Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
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Ripple's XRP Technical Analysis: XRP/USD tried to break resistance without success.
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