XRP 10TH FEB analysis after recent crash

Chart by TradingView Ripple (XRP)

Ripple also suffered in the past seven days, losing 6% of its valuation. Buyers have retreated at the 36 cents support, and the price is likely to visit this level before they attempt to regain control. With clear lower lows and highs on the price, the trend right now is bearish. The resistance is found at 40 cents, and until that is broken, a return to an uptrend is unlikely. The selling volume also increased as the price fell, and this is a bearish signal. Looking ahead, XRP has two key support levels where buyers can take over again: at 36 or 33 cents. Both can give buyers sufficient confidence to resume the uptrend. However, if the price falls further, then a recovery would become less likely.