Ripple price analysis reveals that the XRP/USD pair is bearish today. There was a weak attempt to rally last night, but it failed just shy of the $0.3200 resistance level. As a result, another lower high looks likely to be set before the price can move any higher in the near-term.
Ripple (XRP) price analysis reveals that the XRP/USD pair is bearish today. There was a weak attempt to rally last night, but it failed just shy of the $0.3200 resistance level. As a result, another lower high looks likely to be set before the price can move any higher in the near-term.
The XRP/USD pair is bearish in the short-term, with prices trading below the 200-hour moving average. A break below the $0.3050 support level would confirm a move towards the $0.2850 level.
At the time of writing, the Ripple price was trading at around $0.3140, down from an overnight high of $0.3195. The XRP/USD pair is bearish in the short-term, with prices trading below the 200-hour moving average.
Ripple price movement in the last 24 hours: Ripple price still stuck below $0.3300
XRP/USD bulls tried to push the price above the $0.3200 resistance level overnight, but they failed to gain traction. The Ripple price is now trading below the $0.3150 level and it looks like another lower high could be set in the near-term.
Support is currently found at the $0.3050 level and a break below here would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3200 level and a break above here would signal a move back towards the $0.3300 level.
XRP/USD 4-hour chart: XRP ready to continue lower?
On the 4-hour Ripple price analysis chart, the XRP/USD pair is bearish below the $0.3200 level. A break below the $0.3050 support level would confirm a move towards the $0.2850 support level. above the $0.3300 resistance level would signal a move back towards the all-time highs at $0.3450.
On the daily Ripple price analysis chart, the XRP/USD pair is bearish while trading below the $0.3300 level. A move below the $0.3050 support level would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3300 and $0.3450 levels.
There was a weak attempt to rally last night, but it failed just shy of the $0.3200 resistance level. As a result, another lower high looks likely to be set before the price can move any higher in the near-term.
A break below the $0.3050 support level would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3200 and $0.3300 levels.
The Ripple price is bearish today and another lower high looks likely to be set before the price can move any higher in the near-term.
Ripple price analysis: Conclusion
Ripple price analysis reveals that the XRP/USD pair is bearish below the $0.3300 level. A move below the $0.3050 support level would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3200 and $0.3300 levels.
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Source: https://www.cryptopolitan.com/ripple-price-analysis-2022-06-07/