Ripple: Price Analysis, June 06

1

XRP/USD

Ripple is taking support at the 20-day EMA but has not shown a strong bounce. The flattening of both moving averages points to the possibility of a consolidation in the near term.




XRP/USD




The XRP/USD pair will turn positive if it breaks out of the downtrend line of the descending triangle and will turn negative if it breaks below $0.45.

We didn’t find any buy setups at the current levels.

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