Ripple XRP price stabilizing at $0.266: What is next?

Ripple XRP price is going down bad and if the current price trend persists, XRP price may just hit the all-time low since July 2017.

Ripple XRP price has been hovering at $0.266 for past few days but the experts are not optimistic at all with the altcoin since all signs show that the price may hit another low. Whereas, some experts are of the view that the Ripple XRP price is going to go down to $0.17 low Ripple XRP hasn’t visited since 1st of July 2017.

Ripple XRP price stabilizing at $0.266: What is next? 2Ripple XRP price chart by Trading View

Ripple XRP price: Resistance/Support

Price chart reveals that the XRP price is standing at the twenty-day moving average. However, the charts where do show that the traders are taking a relief break during the downtime, charts also do not show any major positive movements ahead.

Ripple XRP price stabilizing at $0.266: What is next? 3Ripple XRP price chart by Trading View

The resistance marks are spread across the chart starting right from $0.26412, then $0.264 and then at the $0.274 mark on the bearish side of the price charts. However, the current price trend and relative strength index (RSI) shows no promising results either.

On the other hand, charts also reveal that the price trend is likely to continue with bears. Bulls are likely unable to hit back the $0.27 mark that was last seen in May on the XRP price charts.

Charts also reveal that the current longterm support point stands at $0.22 and the Ripple XRP is likely to hit back to this low point. Further below, is the much dreaded $0.17 mark.