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via Cointelegraph · By Cointelegraph Staff
XRP Analysis Sees 'Bear Trap' as Price Faces June Test
XRP
XRP/USDT
$1.0999
+0.69%
$1.0999
+0.69%
(24s)24h Volume
$325,227,022.29
24h H/L
$1.108 / $1.0855
Change: $0.0225 (2.07%)
Long/Short
75.7%
Long: 75.7%Short: 24.3%
Funding Rate
+0.0025%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:48 PM UTC)
1 min read
1212 views
0 commentsXRP (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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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