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Ripple Price Key Highlights Ripple recently busted through a descending trend line to signal that a reversal from the downtrend is underway. Price is pulling back to the broken resistance, though, so a retest appears to be taking place. If the former resistance holds as support, price could resume the climb to the swing high or the next Fib extension levels. Ripple price is retesting a broken falling trend line resistance that might hold as a floor and push it to the extension levels next. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This suggests that the selloff is more likely to resume than to reverse. However, Ripple also seems to be finding support at this dynamic inflection point just above the broken trend line. If support holds, price could rally
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Ripple (XRP) Price Watch: Will More Bulls Join In?