Cryptoknowmics 2022-07-01 10:02:26

XRP Technical Analysis: Bullish reversal is expected soon

Key technical points: XRP price has dropped by 5.12% in the last 24 hours. XRP/USD pair found support at $0.2973. The closest resistance is at $0.3315 Past Performance of XRP In the last 24 hours, the XRP price has dropped by 5.12% and is currently trading at $0.30. The cryptocurrency opened the day at $0.32 and reached the highest point at $0.3358 before starting a steady decline to its current value. The XRP/USD pair found support at $0.2973, from where it started to recover some of its losses. Looking at the hourly chart, we can see that the XRP/USD pair has been in a downward trend since February 28 and has found support at $0.2973. The RSI indicator is currently at 46.39 and indicates that the market is bearish. To sum it up, we can say that the market sentiment for XRP is currently bearish, and we may see a further decline in price if the $0.2973 support level is broken. Source-Tradingview XRP Technical Analysis XRP is in a slightly bearish trend as it has been facing rejection at the $0.3315 resistance level over the past few days. The RSI indicator is currently at 46.39 and indicates that the market is bearish. The MACD indicator is currently in a bearish crossover as the 12-day EMA is trading below the 26-day EMA. The closest support levels are at $0.2973 and $0.2850. Analyzing the momentum indicators, we can see that the MACD indicator is currently in a bearish crossover as the 12-day EMA is trading below the 26-day ...

XRP Technical Analysis: Bullish reversal is expected soon

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