2024

Coin

<ul class="news-points">
 <li><strong>XRP faces critical support at $0.3975 amidst a bearish trend, with resistance at $0.4615.</strong></li>
 <li><strong>High trading volume during down moves suggests strong selling pressure on XRP.</strong></li>
 <li><strong>Oversold conditions indicated by RSI suggest a potential price reversal for XRP soon.</strong></li>
</ul>
<p>XRP is <a href="https://coinedition.com/xrp-big-move-incoming-analyst-shares-5-year-pattern-in-the-making/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">searching for stability</a> after experiencing a significant downtrend. As noted by Bill Morgan, a lawyer and crypto enthusiast, XRP’s price has fallen to just over $0.40, with a recent high of $0.4615 and a low of $0.3975 within the specified period. The ongoing bearish trend is evident in a series of red candlesticks, indicating a consistent decline in price.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Acquired more XRP at just over $0.40 <a href="https://t.co/89RTRrSG26" target="_blank" rel="noopener noreferrer nofollow">https://t.co/89RTRrSG26</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1809098613131522136?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The immediate support level for <a href="https://coinedition.com/xrp-demand-soars-as-hashdex-etf-requires-215-xrp-per-share/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">XRP</a> stands at $0.3975. This level is crucial as it is where buying interest might increase, potentially preventing the price from falling further. Conversely, the immediate resistance level is identified at $0.4615. At this level, selling interest may rise, potentially hindering the price from climbing higher.</p>
<p>XRP has formed lower highs and lower lows, a clear sign of a bearish trend. For the price to halt …</p>
<p>The post <a href="https://coinedition.com/can-xrp-0-3975-support-hold-against-bearish-momentum/" rel="noopener noreferrer nofollow">Can XRP $0.3975 Support Hold Against Bearish Momentum?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Can XRP $0.3975 Support Hold Against Bearish Momentum?

Coin Edition

Other articles published on Jul 5, 2024

Biden’s reelection odds brush single digits on Polymarket

What’s Next For Ethereum (ETH) as Price Hovers $3,000?

Former Northern Data Executives Accuse Tether-Backed Company of Fraud

Crypto Guru predicts shiba inu price rally, WienerAI to surge

XRP Holds Bullish 2014-2017 Pattern Unless This Happens: Analyst

High-Value Airdrops July 2024

Join our free newsletter for daily crypto updates!