Ripple (XRP) Closes Below 200 Day EMA, Price Ready For Further Downside

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Ripple (XRP) is showing no signs of a bullish reversal as the price has just faced a strong rejection at its 200 day exponential moving average. The cryptocurrency has been the face of bad news since the beginning of the year but some relief was expected considering it had more room to grow compared to most other coins and was also massively oversold against Bitcoin (BTC). Those factors do not seem to have made any difference and XRP/USD continues to perform poorly as the price trades further inside the triangle it has been trading in since May, 2018. The daily…
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Ripple (XRP) Closes Below 200 Day EMA, Price Ready For Further Downside

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