Watch These 2 Critical Levels for XRP: Ripple Price Analysis
2025-07-01 08:40:13
Main Idea
XRP's price is currently trading between the 100-day and 200-day moving averages, facing rejection at the 200-day MA and testing the 100-day MA as support, with potential for further decline or a rebound.
Key Points
1. XRP is confined between the 100-day ($2.2) and 200-day ($2.3) moving averages, with recent rejection at the 200-day MA indicating seller dominance.
2. The price is now testing the 100-day MA as support; a breakdown could lead to a drop to $2.0.
3. A brief breakout from a descending channel on the 4-hour timeframe suggested a possible trend reversal, but rejection at $2.3 resistance halted the move.
4. If XRP holds the current support level and completes the pullback, a renewed surge toward $2.3 resistance is possible.
5. Upcoming trading sessions will be critical in determining XRP's short-term price direction.
Description
XRP’s price has entered a tight and decisive range between the 100-day and 200-day moving averages, recently facing rejection at the critical 200-day MA near $2.3. With bearish pressure building, the price now hovers near the lower boundary of this range, increasing the likelihood of a downside breakout and a potential corrective move. XRP Price Analysis By Shayan The Daily Chart XRP has recently entered a narrow and decisive price range, confined between the 100-day ($2.2) and 200-day ($2.3) mo...
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