Bitcoin

Resistance

Daily

<ul>
 <li>XRP, currently down 86% from its all-time high, shows signs of stabilization with key support at $0.28 and resistance at $0.66.</li>
 <li>Short-term indicators, such as the Relative Strength Index (RSI) and Stochastic RSI, suggest a potential buying opportunity.</li>
 <li>Despite the significant dip, XRP maintains a strong market position, with the XRPL ecosystem continuing to grow.</li>
</ul>
<p><a href="https://thenewscrypto.com/?s=XRP" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, the native cryptocurrency of the XRP Ledger (XRPL), has experienced a rollercoaster ride since reaching its all-time high (ATH) of $3.40 in January 2018.</p>
<p>According to an analysis by crypto researcher Bitcoin Ape, <a href="https://thenewscrypto.com/?s=Ripple" target="_blank" rel="noopener noreferrer nofollow">Ripple </a>is currently trading approximately 86% below its peak. Despite this downturn, XRP has managed to maintain its position among the top 10 most valuable cryptocurrencies, demonstrating its resilience and potential for a rebound.</p>
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   <p lang="en" dir="ltr">No coin in the top 10 has dipped more from its last ATH price like <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>. The coin is down 86% from its peak price of $3.40 in 2018. Its last major bullish price action was in Q1 2021. <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> has impressively however remained in the top 10 of the most valuable cryptocurrencies.… <a href="https://t.co/cRoK8yd8DX" rel="noopener noreferrer nofollow">pic.twitter.com/cRoK8yd8DX</a></p>— Bitcoin Ape (@bitcoinape_) <a href="https://twitter.com/bitcoinape_/status/1808478855016898870?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 3, 2024</a>
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<h2 class="wp-block-heading" id="h-xrp-finds-stability-between-key-support-and-resistance-levels"><strong>XRP Finds Stability Between Key Support and Resistance Levels</strong></h2>
<p>A closer look at the technical data surrounding XRP reveals crucial support and resistance levels that will likely determine its future price direction. The key support level is identified at around $0.28, while the resistance level stands at approximately $0.66.</p>
<p>Notably, the target for a potential bullish run is set at $0.95. The researcher points out that XRP’s last significant bullish price action occurred in the first quarter of 2021.</p>
<p>At the time of the post, the Stochastic RSI indicated that the coin was oversold, suggesting a potential buying opportunity for investors.</p>
<p>Currently, Ripple appears to be stabilizing around the $0.4831 price level, despite experiencing a 7% loss over the past 30 days. However, the cryptocurrency has gained 7% over the past year, indicating a mildly positive long-term trajectory.</p>
<p>Daily technical indicators offer further insights into the coin’s current market situation. The Relative Strength Index (RSI) is currently at 32.98, indicating that XRP is approaching oversold territory.</p>
<p>This suggests that the selling pressure may be overextended, and a potential reversal or stabilization could be on the horizon.</p>

XRP Poised for Potential Rebound as Ripple Ecosystem Grows

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TheNewsCrypto

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