Ripple (XRP) plummets below $1 as 200-day MA comes into play

Since the early September flash crash, when XRP fell as low as $0.95 from a high of $1.40, XRP had established a solid range between $1.14 and support at $1.05 (.5 Fib Retracement).

Over the weekend, the cryptocurrency fell beneath the 50-day MA and tested the $1.05 support again. Today, the 12% price fall caused XRP to break support at $1.05 as it went on to crash beneath $1.00 and reach as low as $0.875 (.618 Fib & 100-day MA).

There, the combined support allowed XRP to bounce to the current $0.94 level as it sits above the 200-day MA.

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