XRP Reaches the $0.41 Low and Maintains Its Range
Estimated Reading Time: 2 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
XRP (XRP) Long-Term Analysis: Bearish
XRP (XRP) price resumes its decline after breaking the critical support at $0.46 but maintains its range. Since June 14, the crypto asset has traded above $0.46 but below the 21-day SMA. The bulls made two attempts to keep the price above the 21-day SMA but were repelled. On July 3, the bears breached the critical support at $0.46 to reach the low of $0.42.
On the downside, the decline is approaching the April 13 historical price level. On April 13, the market reached a low of $0.41. XRP has reached the bottom of the chart. On April 13, the bulls bought the dips and resumed the upward trend.
Technical Indicators:
Major Resistance Levels – $1.00, $1.50, $2.00
Major Support Levels – $0.50, $0.30, $0.10
XRP (XRP) Indicator Analysis
XRP has plummeted substantially, with price bars much below moving average lines. The horizontal moving average lines are trending down. Both charts show a bearish crossover of the moving average lines. The 21-day SMA crosses below the 50-day SMA, indicating a signal.
What Is the Next Direction for XRP (XRP)?
On the 4-hour chart, XRP maintains its range after breaking below the present support. The altcoin dropped to its prior low of $0.41 before recovering. The cryptocurrency has reached bearish fatigue. Meanwhile, the crypto signal is range-bound as the altcoin hovers above the $0.41 support.
You can purchase crypto coins here. Buy LBLOCK
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
