By Dmitriy Gurkovskiy, author at RoboForex Blog
On Tuesday, December 24th, the XRP stopped falling. It is generally trading around $0.19.
On D1, XRP/USD keeps developing a downtrend after the renewal of the previous minimum. The main goal of the current movement is the psychologically important level of $0.1000. Convergence on the MACD signals a slow-down of the decline. It is too early to speak about a reversal yet, the change of the trend will be signaled by a breakaway of the resistance level near $0.2400.
On H4, after overcoming $0.2002, the quotations are trying to secure below, testing the broken level from there. The market is forming a short-term descending channel. The goal of the movement will be the support level at $0.1550. The end of the pullback and a new impulse will be signaled by a Black Cross on the Stochastic.
A Bitcoin ex-developer considers the XRP token as senseless. He says the fact of owning the token does not allocate any real rights to the owner as long as the only reason for the coin to exist is for…