XRP Price Prediction Today: Daily (XRP) Value Forecast – July 8
- In retrospect, on June 22, the bulls broke the $0.46 overhead resistance and reached the $0.51 price level.
- However, if the bulls break above the EMAs, the crypto’s price will rise and retest the $0.46 overhead resistance level.
XRP/USD Medium-term Trend: Ranging
- Resistance Levels: $ 0.44, $0.46, $ 0.48
- Support Levels: $0.38, $0.36, $0.34
Last week, July 1, the XRP price fell into the bearish trend zone. The XRP price is trading below the 12-day EMA and the 26-day EMA and at the price of $0.38 and $0.40. In retrospect, on June 22, the bulls broke the $0.46 overhead resistance and reached the $0.51 price level. However, the bulls could not sustain the price above the $0.46 price level and were resisted. On June 23, the XRP price had a downward correction as the bears broke the EMAs to reach a low of $0.40 price level.
Today the crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may further depreciate. However, if the bulls break above the EMAs, the crypto’s price will rise and retest the $0.46 overhead resistance level. On the other hand, if the bulls fail to break the EMAs, the crypto’s price may fall or continue its range bound move. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
XRP/USD Short-term Trend: Ranging
On the 1-hour chart, the XRP price is in a sideways trend. On July 6, the bulls reached a high of $0.41 and were resisted. The market had a downward correction to the low of $0.39 but it is currently trading below the $0.40500 resistance level.
The 12-day EMA and the 26-day EMA are trending horizontally below the $0.40500 resistance level. Yesterday, the bulls tested the $0.40500 price level twice and were resisted. Each time the bulls tested the resistance level, the price would fall below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicate a sell 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.
Live Ripple (XRP) Price:
1 XRP/USD =$0.2464 change ~ 2.46%
Latest Ripple Industry News and XRP Coin Analysis Updates
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.