We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood

We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details

This website does not provide services to residents of United States.

Trader Affiliates

Market News XRP Bears to Target Sub-$0.4575 on Hawkish Fed Bets

XRP Bears to Target Sub-$0.4575 on Hawkish Fed Bets

This morning, XRP received much-needed assistance. Silence in the SEC v. Ripple case and more hawkish Fed wagers are the causes of two days of significant losses.

TOP1Markets Analyst

2023-07-07

7148

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).