Ripple (XRP) Price Prediction, Forecast, and Technical Analysis - July 5th, 2021

3 years ago
1

The weekly hidden bullish divergence could easily be removed here soon. Ripple (XRP) on the weekly chart looks good for its weekly RSI to test the 40 level, thereby negating the hidden bullish divergence. Ripple (XRP) looks poised to revisit the support zone between $0.45 and $0.52. Daily RSI break below two trendlines, imminent cross under of the Composite Index below its averages and the %B showing signs of moving below 0.2 all point to a bearish continuation move. Major support exists at $0.43 where the 61.8% Fib Retracement and 261.8% Fib Extension sit. Below $0.43 is a major drop towards $0.32 - $0.33. Bullish only when the Chikou Span moves above the candlesticks, which would mean a return to the $0.93 value area.

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