Community Articles

via Cointelegraph · By Cointelegraph Staff

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

XRP

XRP/USDT

$1.5485

+0.08%

$1.5485

+0.08%

(24s)

24h Volume

$3,074,182,922.50

24h H/L

$1.63 / $1.5357

Change: $0.0943 (6.14%)

Long/Short

72.6%

Long: 72.6%Short: 27.4%

Funding Rate

+0.0031%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.5516

▼ -1.07%

Volume (24h): -

Resistance Levels

Resistance 3$1.894

Resistance 2$1.6999

Resistance 1$1.5701

Price$1.5516

Support 1$1.5151

Support 2$1.394

Support 3$1.2954

Pivot (PP):$1.5725

Trend:Uptrend

RSI (14):62.3

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live XRP price →More XRP news →

Comments