- On June 22, the XRP/USD pair reached its peak price of $0.51 price level.
- From the price action, the market is expected to reach the previous low of $0.29.
XRP /USD Price Long-term Trend: Bearish
- Supply levels: $0.34, $0.36, $ 0.38
- Demand levels: $0.30, $0.28, $0.26
On June 22, the XRP/USD pair reached its peak price of $0.51 price level. The bulls could not sustain the price above the $0.46 overhead resistance level as the bears pulled back price. On June 23, the bulls were resisted as the price fell to the $0.40 support level. The bears could not break the $0.40 support level as price hovers around it for a week. On July 4, the bears broke the support level to the low of $0.31. From the price action, the market is expected to reach the previous low of $0.29.
A trend line has been drawn to determine the duration of the bearish trend. A bearish trend is ongoing if the trend line is unbroken. A bearish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
XRP’s price is $0.31 XRP/USD exchange rate today. The real-time XRP market cap of $13.4 Billion currently ranks #3 with , daily trading volume of $353.35 Million and live coin value change of XRP -4.66 in the last 24 hours.
Latest Ripple Industry News and XRP Coin Analysis Updates
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