Looking at the chart, we can see that the price started to go down in a descending channel, where it first reached the resistance line and then in a short time descended to the resistance level of $0.6750 which coincided with the sellers' zone.
Then the price broke this level, made a new test and went down to the buyers' zone, breaking the $0.6000 support level thus becoming the new XRP resistance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#XRP Analysis
Looking at the chart, we can see that the price started to go down in a descending channel, where it first reached the resistance line and then in a short time descended to the resistance level of $0.6750 which coincided with the sellers' zone.
Then the price broke this level, made a new test and went down to the buyers' zone, breaking the $0.6000 support level thus becoming the new XRP resistance.