Bulls have failed to hold the initiative until the end of the day, according to CoinStats.
XRP/USD
The rate of XRP has gone down by 0.32% over the past day.
On the hourly chart, the price of XRP has made a false breakout of the formed support of $2.1336. However, if a bounce back does not happen, traders may expect an ongoing downward move to the $2.12 range.
On the longer time frame, there are no reversal signals yet.
If the daily bar closes near its low, there are high chances of seeing a test of the $2.10 zone soon.
From the midterm point of view, the candle is about to close with a high wick, which is a bearish signal. If the breakout of the interim level of $2.10 happens, traders may expect a dump to the vital $2 area.
XRP is trading at $2.14 at press time.
🚨 Attention XRP Traders! 🚨
Will the price of XRP plummet to $2? 📉
Bulls have failed to hold the initiative, and the rate of XRP has gone down by 0.32% over the past day. 😱
On the hourly chart, the price of XRP has made a false breakout of the formed support of $2.1336. If a bounce back does not happen, traders may expect an ongoing downward move to the $2.12 range. 📉
On the longer time frame, there are no reversal signals yet. If the daily bar closes near its low, there are high chances of seeing a test of the $2.10 zone soon. 👀
From the midterm point of view, the candle is about to close with a high wick, which is a bearish signal. If the breakout of the interim level of $2.10 happens, traders may expect a dump to the vital $2 area. 😱
XRP is trading at $2.14 at press time. 💸
Will you be brave enough to hold on or will you jump ship? 🚀🌊
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2025-06-20 18:43