Ripple: Price Analysis, June 01

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XRP/USD

Ripple formed a doji candlestick pattern on May 30 and followed it up with an insider day candlestick pattern on May 31. Today also, the digital currency is on track to form a doji. This shows uncertainty among the traders.




XRP/USD

The XRP/USD pair fell below the 20-day EMA on May 08 and has sustained below it ever since. If the next dip holds above $0.54, it will indicate buying at lower levels. We suggest waiting for this retest to hold before buying on a rebound above the 20-day EMA.




If the bears break below $0.54, the decline can extend to $0.45.

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