RaiBlocks token value dipped below the important $12.00 today, which was followed with a speedy gain up to 10% in the last 24-hours.

Important to Note:

• The  last month range bounding zone of $12.00 was toe-stepped on Dec 18 by Raiblocks price
• The pair has returned speedy on two supportive trend lines on the hourly chart of XRB/USD making it up to $19.00.
• A great deal of sellers was met around the major $20.00.

The submarine dive of token values experienced in the last week has taken down Raiblocks price against the US Dollar to the lows of $12.00. The particular area represents a previous ranging level, with which being broken, the value opened gates for significant gain leading to the record price of $38.00.

Source: coinmarketcap

However, with the general market turning around the tables and stepping in the recovery-wagon and regaining confidence while finding use of the low values as an opportunity to step in, the pair XRB/USD made it just below the important $20.00. For two attempts, it could not make it but keeping in mind that there is still much room left for the pressure to clear out, it would be a big surprise if a coin goes straight spiking upwards to its previous trading grounds. Increasing like that in such a short amount of time, will directly increase the balancing period until the market calms down and finds its healthy path of movement. The above mentioned mark will play a great role in the near term as an indicator for any bets to be put in while thinking of it as a higher pairing platform.

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