Ripple Price Analysis: Incoming Death Crossover in XRP Coin

  • XRP coin price action looks rangebound on an intraday trading session
  • The 24-hour trading volume is at $1,767 Billion
  • XRP/BTC pair is trading neutral by 0.7% at 0.00001913 BTC

The 4-hour technical chart of the XRP coin projects a bearish trend. According to Pivot points (FIB), XRP’s crucial support level is $0.55. Conversely, if it moves up, the necessary resistance level to observe is at $0.77. Thus, while the intraday chart forms a Doji star candlestick pattern, predicting prices are in a sideways trend with high dependability.

The exponential moving average (EMA) composed of 50,100,200-EMA can be a reliable support for currency price changes. However, investors can observe a death crossover of 100-200 EMA, and the price is below the orange line, ensuring a downward trend of XRP price. 

Volume of (3.462M) is beneath the MA of 20-days (10.487M). selling pressure is low in XRP, making its price remain in a lower zone. Investors may also observe diminishing volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.

The MACD indicator gives (bullish) crossover above the signal line on June 30, indicating a buy signal in the coin. Moreover, Investors can see fuzzy green bars are visible in the Histogram index.

Ripple (XRP) Coin Accumulates Near Support Zones

XRP coin price is at $0.63, with a daily no gain, no loss of 0.8% and a weekly drop of 4.2%. In addition, the price is consolidating below 200-EMA. The MACD indicator shows a buy signal, and the traders have guided low selling pressure. Technically, the price is showing no signs of positivity, and soon 50-EMA is gonna give a negative crossover below 200-EMA which will lead prices to drop further. Therefore, as with overall market sentiment, the trend remains bearish.

Resistance: $0.77

Support: $0.55

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