XRP Price Falls To $0.34, Will Bulls Defend Support Of $0.33?

XRP Price was constantly consolidating on its four hour chart. The bulls have faded out from the market but are consistently trying to protect price from falling below the immediate support level. Despite the 1.5% appreciation over the last 24 hours, XRP price doesn’t seem to be out of the woods yet. Over the last one week the coin lost 10% but the coin has maintained its price above the vital support line. Technical outlook for the coin also indicated bearishness. After XRP price lost the $0.39 price level, the altcoin was mostly trading sideways. For the coin to move upwards it is important that XRP moves above the $0.34 price mark. Buying pressure on the chart declined considerably which was a sign of price weakness. With Bitcoin moving down on the chart, other altcoins have also dipped on the chart. If XRP price loses the current support level then further downward movement could be expected over the immediate trading sessions. XRP Price Analysis: Four Hour Chart The altcoin was trading for $0.34 at the time of writing. It is crucial for the coin to maintain its price above the immediate support level of $0.33. A fall below that will make the coin trade at $0.29 which would make the coin trade at a multi-week low. Overhead resistance for the coin stood at $0.37 and if it topples over that price ceiling, the next target was at $0.40. Ever since the coin lost its long holding support of $0.36, the coin has moved southb...