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Home»Ripple»XRP/USD set to dip futher in the next 24 hours
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Ripple

XRP/USD set to dip futher in the next 24 hours

adminBy adminJune 7, 2022No Comments3 Mins Read
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Ripple price analysis reveals that the XRP / USD pair is bearish today. There was a weak rally attempt last night, but it shyly failed at the $ 0.3200 resistance level. As a result, another lower high may be set before the price rises further in the short term.

Ripple (XRP) price analysis reveals that the XRP / USD pair is bearish today. There was a weak rally attempt last night, but it shyly failed at the $ 0.3200 resistance level. As a result, another lower high may be set before the price rises further in the short term.

The XRP / USD pair is bearish in the short term and prices are below the 200-hour moving average. If you fall below the $ 0.3050 support level, you will be confirmed to move to the $ 0.2850 level.

At the time of this writing, Ripple’s price was trading at around $ 0.3140 from the overnight high of $ 0.3195. The XRP / USD pair is bearish in the short term and prices are below the 200-hour moving average.

Ripple price movements over the last 24 hours: Ripple prices are still below $ 0.3300

The XRP / USD bulls tried to push the price above the resistance level of $ 0.3200 overnight, but couldn’t get the traction. Ripple prices are currently trading below the $ 0.3150 level and it seems likely that even lower highs could be set in the near future.

Currently, support is at the $ 0.3050 level, and a slight drop here confirms the transition to the $ 0.2850 level. Conversely, the resistance is at the $ 0.3200 level, indicating that a break here will return it to the $ 0.3300 level.

XRP / USD 4-hour chart: Is XRP ready to continue its decline?

On the 4-hour Ripple price analysis chart, the XRP / USD pair is bearish below the $ 0.3200 level. If you fall below the $ 0.3050 support level, you will be confirmed to move to the $ 0.2850 support level. Above the $ 0.3300 resistance level, it will return to a record high at $ 0.3450.

On the daily Ripple price analysis chart, the XRP / USD pair is bearish while trading below the $ 0.3300 level. Below the $ 0.3050 support level, the transition to the $ 0.2850 level is confirmed. Conversely, resistance is at the $ 0.3300 and $ 0.3450 levels.

XRP / USD 4-hour chart. Source: TradingView

There was a weak rally attempt last night, but it shyly failed at the $ 0.3200 resistance level. As a result, another lower high may be set before the price rises further in the short term.

If you fall below the $ 0.3050 support level, you will be confirmed to move to the $ 0.2850 level. Conversely, resistors are at the $ 0.3200 and $ 0.3300 levels.

Ripple prices are bearish today and another lower high could be set before prices rise further in the short term.

Ripple Price Analysis: Conclusion

Ripple price analysis reveals that the XRP / USD pair is bearish below the $ 0.3300 level. Below the $ 0.3050 support level, the transition to the $ 0.2850 level is confirmed. Conversely, resistors are at the $ 0.3200 and $ 0.3300 levels.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com We are not responsible for any investment made based on the information provided on this page. Independent research and / or consultation with qualified professionals is highly recommended before making an investment decision.

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