XRPUSD Declines as Price Still Consolidates

Azeez Mustapha


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XRPUSD declines as the price still consolidates. The volume is currently declining as the US dollar calls for inflation. The crypto market has been in a brief decline with the release of the former SEC (Securities and Exchange Commission) official speech and corresponding documents. The SEC official goes by the name William Hinman.

By October 18, the SEC demanded that Ripple must submit all the documents that correspond to the opposition’s summary judgement. However, a prolonged legal battle will have an impact on the ripple market. Nevertheless, the sellers are in motion as the price is towing southward.

Key XRP Levels To Watch — October 11

The sellers have been causing a hindrance in the crypto market following the buying upsurge from the $0.30400 key zone. Nevertheless, the buyers proceeded to raise the price to $0.53500, the key level.

XRPUSD Declines As The Price Still Consolidates

This momentum, however, was not sustained as the price returned to consolidation. The MACD (Moving Average Convergence & Divergence) Indicator has reached its decline.

The sellers are causing price direction to flow on consolidation. The price is, however, still hopeful of trading down to the $0.44500 key zone.

Ripple Coin Key Levels

Resistance Levels: $0.53500, $0.44500
Support Levels: $0.38300, $0.30400

Total Market Capitalization: $48.88B
Ripple Coin Market Capitalization: $24.39B
Ripple Coin Volume: $2.54B
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.

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