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via Cointelegraph · By Cointelegraph Staff

XRP Analysis Sees 'Bear Trap' as Price Faces June Test

XRP

XRP/USDT

$1.4176

+1.16%

$1.4176

+1.16%

(24s)

24h Volume

$990,169,746.65

24h H/L

$1.4279 / $1.3932

Change: $0.0347 (2.49%)

Long/Short

73.6%

Long: 73.6%Short: 26.4%

Funding Rate

-0.0012%

Shorts pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.4177

▲ 1.37%

Volume (24h): -

Resistance Levels

Resistance 3$1.6185

Resistance 2$1.5472

Resistance 1$1.4461

Price$1.4177

Support 1$1.39

Support 2$1.2883

Support 3$1.1582

Pivot (PP):$1.4149

Trend:Sideways

RSI (14):61.5

Cointelegraph Staff

(01:48 PM UTC)

1 min read

Reviewed byDavid Kim

0 comments

XRP (XRP) dropped to $1.25 on Tuesday after a market-wide sell-off, erasing all the gains made since early February.

Key takeaways:

XRP fell to $1.25 after a broader market sell-off, testing a long-term trend line and the 50-month exponential moving average support area.
Support weakness has traders looking at $1 and under next, while optimists see a "bear trap" forming.
June has historically…

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Cointelegraph Staff · Cointelegraph

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