Ripple: Price Analysis, July 11

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XRP/USD

Ripple is in a firm bear grip. It has again broken below $0.45351. Its next support is at $0.4242. If this level breaks, there is no major support until $0.24001.




XRP/USD




On the upside, the 20-day EMA will continue to act as a stiff resistance. Above this level, the next resistance is at $0.52.

The XRP/USD pair will show signs of a turnaround once it sustains above $0.56. Until then, all pullbacks will be sold into.

We shall wait for the trend to change before proposing any trades on it.

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