• On June 22, the market has been falling from a high of $0.51 to a low at $0.39.
• On the downside, if bearish pressure continues, the crypto’s price may fall into a previous range bound zone of the $0.30 and $0.34 price levels.

XRP/USD Medium-term Trend: Bearish

• Resistance Levels: $ 0.44, $0.46, $ 0.48
• Support Levels: $0.38, $0.36, $0.34

Yesterday, July 2, a trend line tool was drawn to determine the duration of the bearish trend. On June 22, the XRP has been falling from a high of $0.51 to a low at $0.39. On the daily chart, a bearish trend line was drawn to determine the duration of the bearish trend. On the downside, if the bearish trend was ongoing, the candlestick would test the resistance of the trend line and would continue its downward fall.

Also, it was assumed that if the bearish trend was terminated, a bullish candlestick will break the trend line and another candlestick will close on the opposite of it. On the downside, if bearish pressure continues, the crypto’s price may fall into a previous range bound zone of the $0.30 and $0.34 price levels. Meanwhile, the MACD line and the signal line are above the zero lines which indicates a buy signal.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the XRP price is in a bearish trend. The crypto’s price faces resistance at the $0.43 and $0.42 price level. The 12-day EMA and the 26-day EMA are trending southward. On June 30, the bulls were resisted and the price fell below the EMAs at a low of $0.41 price level. On July 1, the bulls made two attempts to break the resistance at $0.42 price level but the price fell to a low at $0.39 price level. Meanwhile, the MACD line and the signal line are above the zero lines which indicates a buy signal.

XRP’s price is $0.25 XRP/USD exchange rate today. The real-time XRP market cap of $10.67 Billion currently ranks #4 with , daily trading volume of $186.84 Million and live coin value change of XRP 2.46 in the last 24 hours.

Latest Ripple Industry News and XRP Coin Analysis Updates

	01:27 PM	Ripple Reports 97% Growth In XRP Sales For Q1 2021 Amid S...
	03:43 PM	SEC Moves To Expunge XRP Holders From Ongoing Ripple Laws...
	05:31 PM	SBI Group CEO Reveals Ripple IPO Plans After Settlement W...
	05:22 PM	Ripple's Brad Garlinghouse Feels Confident In SEC Lawsuit...
	07:35 PM	XRP Holders Attempt to Intervene In Ongoing SEC v Ripple ...
	08:22 PM	Wall Street Journal Blasts The SEC for Setting 'Inconsist...
	03:48 PM	Cryptocurrency Inflows Record A Five-Week High; XRP Captu...
	03:44 PM	Ripple Executives File for Lawsuit Dismissal On Back of L...
	03:51 PM	CoinShares is Launching an XRP ETP (XRPL) as the Digital ...
	03:51 PM	South Koreans Are Trading XRP & BTT More than BTC and Ether

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.