Ripple Price Analyse 07/07: Bulls trækker sig tilbage, da XRP-markedet viser tegn på bearish vending - Investor bites

Ripple Price Analyse 07/07: Bulls trækker sig tilbage, da XRP-markedet viser tegn på bearish vending - Investor bites

Tidsstempel: 7. juli 2023 kl. 9

SMUGKIG

  • Ripple prisanalyse viser et fald i prishandling.
  • The support level at $0.4620 has remained stable, indicating that bulls are pushing for a recovery.
  • Technical indicators suggest that XRP could recover if bulls regain momentum

latest Ripple price shows the crypto asset has experienced a pullback, with bulls retreating and bears taking control over the marked. The sellers dominate the market and push prices down, which could signal a possible bearish reversal. The XRP/USD pair has dropped by 0.90% since its recent high of $0.4759, trading at around $0.467 at the time of writing.

XRP/USD trades downward following the rejection at the $0.4759 resistance. The support level at $0.4606 has remained stable for more than 24 hours, indicating that bulls are pushing for a recovery. The next major support level for XRP lies at $0.4450, with strong resistance near the $0.4800 mark if bulls manage to regain control of the market.

XRP’s market capitalization currently stands at $24,420,959,2138, with the asset’s 24-hour trading volume at $873,104,826. The market cap has slightly dropped since yesterday, indicating that more sellers are entering the market. The trading volume is rising as it displays a positive trend, having gained 1.56 percent in the past 24 hours.

Kryptovalutapris varmekort, Kilde: Coin360
Kryptovaluta pris varmekort, Kilde: Coin360

The whole crypto market remains bearish in the short term, and XRP is no exception. Top coins like Bitcoin, Ethereum, and Binance Coin are all in the red zone. Although XRP is still trading above its support level at $0.4606, further decline could lead to a more bearish reversal.

Regarding technical indicators, the MACD shows that XRP is currently in bearish territory. The 9-day RSI for XRP indicates that the asset is trading above the oversold levels and could soon experience some recovery. However, it is important to remember that the current market conditions could remain unfavorable toward bulls.

The relative strength index (RSI) is currently at 41.92, indicating that XRP is in equilibrium. It also indicates that the bulls struggle to increase prices while the bears remain in market control. The Bollinger Bands for XRP/USD pair have narrowed, signaling that the price will likely remain range-bound soon.

However, a green candlestick has been observed forming at the lower band, suggesting a possible bounce soon. The MACD indicates a bearish outlook, with the red line crossing below the blue line. This further confirms that XRP could enter a bearish trend in the short term.

Ripple’s market shows signs of bearish reversal as bulls retreat and bears take control. The current technical indicators suggest that XRP could stay range-bound for some time, with a possible recovery if bulls regain momentum.

Disclaimer: Kryptovalutaprisen er meget spekulativ og volatil og bør ikke betragtes som finansiel rådgivning. Tidligere og nuværende resultater er ikke vejledende for fremtidige resultater. Undersøg og rådfør dig altid med en finansiel rådgiver, før du træffer investeringsbeslutninger.

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