XRP/USD Medium-term Trend: Bearish
Resistance Levels : $0.46 , $0.47, $ 0.48
Support Levels: $0.44, $0.43, $0.42
Yesterday, June 28, the XRP/USD pair was in a bearish trend. Today, the cryptoasset is still in a downward trend and approaching the low of $0.44. If price breaks the support level at $0.44, the cryptoasset will find another support at 0.44. But if it doesn't, the cryptoasset will continue its range bound movement between the support level at $0.44 and the resistance level at $0.50.
Traders can trade the ranging market pending when the cryptoasset will break out of its range.That is if price tests the support level, you take a long trade and place your stop loss below the support level. Then you exit your trade near the resistance zone. On the other hand, if price tests the resistance level, you take a short trade, and a stop loss above the resistance level. Then you exit your trade near the support zone.
XRP/USD Short-term Trend: Bearish