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Cryptoknowmics 2022-07-04 20:05:26

XRP Technical Analysis: XRP Bearish for the Next 24 Hours?

Key technical points: XRP technical analysis is slightly bearish. XRP/USD pair found support at $0.3053. The closest resistance is at $0.3734. Past Performance of XRP In the last 24 hours, the XRP price has dropped by 5.12% and is currently trading at $0.3053. The XRP/USD pair found support at $0.3053 and is currently facing resistance at $0.3734. XRP price has formed a descending triangle pattern and is currently trading below the 20-day moving average. 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, indicating 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. The MACD indicator is in a bearish crossover, with the 12-day EMA trading below the 26-day EMA. The RSI indicator is presently at 46.39 and signals that the market is bearish. The closest support levels are at $0.2973 and $0.2850. To the upside, the immediate resistance is at $0.3315. A break above this level could move towards the $0.3500 level. However, if the price fails to sustain above the $0.3315 level, it could fall back towards the $0.3053 level where it found support earlier today. Upcoming Trend If XRP can break above the $0.3315 resistance level, it could rally to the...

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