XRP/USD Medium-term Trend:Bullish
Resistance:$0.66, $0.67, $0.68
Support:$0.64, $0.63, $0.62
Yesterday, June 6, the price of Ripple is in a bullish trend. Price of the asset was making a series of higher highs and higher lows. The asset was making an attempt to retest the price at $0.70. It was assumed that if the asset broke the resistance at $0.70, price is likely to reach the high of $0.75. But if the bulls were resisted, price will fall or move in a range bound movement. Meanwhile, price of Ripple is currently trading at $0.67 as at the time of writing.
Today, price of Ripple has not been able to break the resistance level at $0.70, instead, it had been resisted. Price of the asset is consolidating at the resistance zone of the asset. The relative strength index period 14 is level 54 indicates that price is in the range bound zone. In the other words, price of the asset is likely to fluctuate above the price of $0.65 pending the outcome of a possible breakout
XRP/USD Short-term Trend:Bullish
On the 1-hour chart, price of Ripple is in a bullish trend. Price of the asset is in range bound movement after the resistance by the bears
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