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via Cointelegraph · By Cointelegraph Staff

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

XRP

XRP/USDT

$1.0983

-3.65%

$1.0983

-3.65%

(24s)

24h Volume

$957,230,035.07

24h H/L

$1.1438 / $1.092

Change: $0.0518 (4.74%)

Long/Short

75.1%

Long: 75.1%Short: 24.9%

Funding Rate

-0.0031%

Shorts pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.0989

▼ -2.72%

Volume (24h): -

Resistance Levels

Resistance 3$1.2628

Resistance 2$1.1702

Resistance 1$1.1136

Price$1.0989

Support 1$1.0978

Support 2$1.0674

Support 3$0.8986

Pivot (PP):$1.1083

Trend:Downtrend

RSI (14):36.3

Cointelegraph Staff

(01:48 PM UTC)

1 min read

Reviewed byDavid Kim

1212 views

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…

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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Source

Cointelegraph Staff · Cointelegraph

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