Overall, the XRP price has already fallen over 31% this month. In addition, the XRP price has now broken out bearishly, which could bring it down to $ 0.25.
The month of June has been very bearish for the XRP price so far
Bitcoin Price Chart by Tradingview
The XRP price has already fallen over 31% this month and half of the month is still to come. In addition, the XRP price now broke out bearishly, with which it reached the support between 0.25 – 0.30 USD. The Ripple price could reach the lower limit of support at around $ 0.25 in the coming days.
If the support breaks, Ripple could even fall another 46% to hit support between $0.11 – $0.17.
In the monthly chart, the MACD is clearly bearish, because the histogram continues to tick bearishly lower, while the MACD lines remain bearishly crossed. The RSI, on the other hand, is neutral and gives neither bullish nor bearish signals.
XRP price now encounters support
Bitcoin Price Chart by Tradingview
In the weekly chart, the RSI is gradually reaching oversold regions and the MACD’s histogram has also been ticking bullish higher so far. However, the MACD lines remain bearishly crossed.
If Rib bounces off the support already now, he will find the next significant Fibonacci resistances at around $ 0.53 and $ 0.68.
Without a book of the Golden Ratio at around 2.1 USD, however, the trend of Ripple remains bearish.
A bullish divergence is emerging on the daily chart
Bitcoin Price Chart by Tradingview
In the daily chart, a bullish divergence in the RSI and MACD became apparent, after which the Ripple price has already risen 18%. Today it seems that the XRP price continues the downtrend. The MACD lines are also crossed bearishly and the histogram is ticking bearishly lower.
Against BTC, the XRP price could form a bullish candlestick formation at the end of the month
Bitcoin Price Chart by Tradingview
Against BTC, the MACD lines in the monthly chart are crossed bullish, but the histogram ticks bearishly lower. If the XRP price is above 0.00001555 BTC at the end of the month, a “bullish engulfing candle” would be present; a bullish candle formation. Then the Ripple price could rise to the next Fibonacci resistances at around 0.000023 BTC or 0.00003 BTC.
Otherwise, the downside potential is around 71% until Ripple encounters the next significant support, which is between 0.00000442 – 0.0000063 BTC.
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