Ripple (XRP) Is in a Fresh Uptrend, Pushes on the Upside
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Ripple (XRP) Long-Term Analysis: Bullish
Ripple price is falling after rejection from the recent high. In the lower time frame, the market retraced to 50-day SMA support or at the low of $0.86. The uptrend will resume if the current support holds. Meanwhile, for the past three days, XRP has been in an upward move as bulls bought dips on June 12. The uptrend retested the current support before resuming upward. The bullish momentum extended to break above the moving averages. XRP rallied to the high of $0.92 but pulled back. XRP is falling as price finds support above the 50-day SMA. The uptrend will resume if the current support holds.
Ripple (XRP) Indicator Analysis
XRP is at level 42 of the Relative Strength Index period 14. It indicates that the market is in the downtrend zone and below the centerline 50. The crypto is below the 40% range of the daily stochastic. XRP is in a bearish momentum Ripple price bars are below the 21-day and the 50-day SMAs which suggest that the crypto is in the bearish trend.
Technical indicators:
Major Resistance Levels – $2.00, $2.50, $3.00
Major Support Levels – $1.50, $1.00, $0.50
What Is the Next Direction for Ripple (XRP)?
Ripple is in a downward move. On the 4 Hour Chart, Ripple is falling. Meanwhile, on June 14 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ripple is likely to fall to level 1.618 Fibonacci extension or level $0.94. The selling pressure has been exhausted as XRP resumes upward.
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