Relevance up to 15:00 2022-06-29 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Red line - major resistance
Yellow line -short-term resistance
XRP is trading around $0.34. Price remains in a bearish trend since the March high around $0.90. With a decline of more than 50% since then, bears remain in full control of the trend. There is no sign of stopping this deterioration. XRPUSD recently tried to bounce higher towards $0.40 but price got rejected at the previous support which is now resistance. XRPUSD is also providing us with a bullish RSI divergence. Medium-term trend remains bearish. Bulls will need to recapture $0.41 at least in order to hope for a bigger trend reversal. Until then bears are in control.
