微信截图_20230726102000.png

Tuesday saw a 0.95% increase in XRP. XRP finished the day at $0.7093, partially correcting a 4.86% decline from the previous day. For the first time since July 14, XRP traded below $0.68.

XRP Price Movement

XRP was down 0.30% at $0.7072 this morning. XRP experienced a bearish opening to the day, dropping from $0.7093 to a low of $0.7063.

Daily chart

The $0.7870–$0.7737 resistance band was still being tested on the daily chart for XRP/USD, and XRP was under selling pressure. The 50-day ($0.5953) and 200-day ($0.4958) exponential moving averages were well above XRP, indicating bullish short-term and long-term price indications.

Notably, a bullish short-term trend was confirmed as the 50-day EMA drew further away from the 200-day EMA. Although the EMAs are sending positive signals, XRP is still within reach of the $0.6530 - $0.6417 support area due to the week's bearish start.

The 14-Daily RSI value of 57.96 aligns with the EMAs and gives optimistic XRP price signals. The run at $0.75 to activate the resistance band between $0.7870 and $0.7737 is supported by the RSI.

Trade

Market

Market Analysis

Trading Tutorial

Bonus rebate to help investors grow in the trading world!