Ripple Is Being Backed Up As Positive Action Is Anticipated

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Ripple is being backed up as positive action is anticipated this week. The currency pair is full of optimism as a response to the support gained from a crypto lobbying group.

Ripple has chosen to sue the Securities and Exchange Commission (SEC) in the United States after research revealed that Ripple has less than 50% of the total currency supply. The crypto lobbying group’s endorsement signifies a good deed for additional advances in the XRP price.

Ripple Key Levels To Watch – October 31

The buyers are still challenging sellers following their decline to the $0.44200 key zone. Bollinger Band compression is close by as buyers continue to array the price.Ripple Is Being Backed Up As Positive Action Is AnticipatedThe RSI (Relative Strength Index) indicates price indecision because prices continue to accumulate before buying strength can be supplied in the market.

The buyers are technically setting up an order to push back to the $0.52900 key zone. In the coming days, buying activities are more inclined to push through.

Ripple Key Levels

Resistance Levels: $0.52900, $0.44200
Support Levels: $0.37700, $0.30600

Total Market Capitalization: $44B
RippleMarket Capitalization: $23B
Ripple Volume: $1B
Market Rank: #6

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.