Ripple: Price Analysis, July 16

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XRP/USD

The bears have failed to benefit from the breakdown of the $0.45351 levels on Ripple. This has attracted cherry-picking by a few aggressive bulls.




XRP




The XRP/USD pair has reached the 20-day EMA, which might act as resistance. Above this, the next hurdle will be at $0.5 and finally at $0.56270.

The digital currency has been a huge underperformer. That’s why we need to wait for it to form a new buy setup before recommending any trade on it.

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