微信截图_20230707131020.png

Thursday saw a 3.12% decline in XRP. XRP lost 2.39% on Wednesday and finished the day at $0.4626. For the first time in five sessions, XRP finished the day below $0.47.

As the day got off to a bullish start, XRP climbed to an early high of $0.4844. XRP temporarily crossed the 50-day EMA before dropping to a low point of $0.4618 at lunchtime. In order to test the lower level of the support band before ending the day at $0.4626, XRP broke through the 50-day EMA and the upper level of the $0.4675 - $0.4615 support band.

XRP Price Movement

At the time of writing, the price of XRP was $0.4662, up 0.78%. After a choppy start to the day, XRP rose to a high of $0.4662 before falling to an early low of $0.4585.

Daily Graph

According to the Daily Chart, XRP/USD was trading above the 200-day EMA ($0.4570) and below the 50-day EMA ($0.4835). XRP/USD also broke through the upper level of the $0.4675 - $0.4615 support area during the mid-week retreat, indicating negative near-term signs.

Notably, negative momentum was mirrored by the 50-day EMA's narrowing to the 200-day EMA.

The 14-Daily RSI's 41.77 reading, which indicated a bearish trend and was in line with the 50-day EMA, supported a decline through the lower level of the $0.4675–$0.4615 support band and the 200-day EMA ($0.4570).

Trade

Market

Market Analysis

Trading Tutorial

Bonus rebate to help investors grow in the trading world!