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CryptoGold2025
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Bullish
Ripple (XRPUSD) Struggles to Recover – Analysis – 07-01-2025
The price of Ripple (XRPUSD) rose during its recent trading at the moment levels, amid the dominance of the main upward trend in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period, but in light of the above, we notice the beginning of the emergence of negative signals in the relative strength indicators, after reaching areas of severe saturation with buying operations, which may curb the upcoming price gains.
Therefore, we expect further rise in the price of the currency during its upcoming trading, as long as the support level of $1.99218 remains stable, targeting the pivotal resistance level of $2.90550.
The expected direction for the upcoming trading: Upward $XRP
The price of Ripple (XRPUSD) rose during its recent trading at the moment levels, amid the dominance of the main upward trend in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period, but in light of the above, we notice the beginning of the emergence of negative signals in the relative strength indicators, after reaching areas of severe saturation with buying operations, which may curb the upcoming price gains.
Therefore, we expect further rise in the price of the currency during its upcoming trading, as long as the support level of $1.99218 remains stable, targeting the pivotal resistance level of $2.90550.
The expected direction for the upcoming trading: Upward $XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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