Ripple price analysis 23rd June 2019; can XRP price hold the gains?

Ripple is the third largest cryptocurrency with a market cap of over twenty billion dollars ($20bn) has been struggling for a long time to cross the resistance level of $0.46. The past 24-hour analysis has revealed that finally, it has achieved its target.

It reached $0.52 but did not hold well and depreciated to $0.48. Overall over the past month, Ripple has gained twenty-two percent (22%) and around fifty-five percent surge in price over the last three months.

Ripple price analysis 23rd June 2019; can XRP price hold the gains? 2Ripple XRP price chart by Trading View

The XRP/USD 1-Day analysis shows that yesterday the pair surpassed the $0.46 resistance level and reached $0.48.

The higher resistance levels lie around $0.48 and $0.50, and if the bulls prevail the level can rise to $0.5562 and $0.5714.

The lower level support is $0.46, and below this level, the support lies at $0.44, $0.43, $0.4235, $0.40, and $0.39.

The RSI is pointing towards the overbought area, and the trading volume has been well maintained during May and June.

Ripple price analysis 23rd June 2019; can XRP price hold the gains? 3Ripple XRP price chart by Trading View

The XRP/BTC 1-day analysis has revealed that the pair is declining and has maintained support at 4350 SAT.

The higher resistance areas are around 4500 SAT, and 4646 SAT, and the higher areas can go up to 6000 SAT.

The lower support region lies at 4352 SAT and below this further support, can reach 4000 SAT. The trading volume for the pair is high and has gained momentum since yesterday.

The RSI indicates oversold territory, but, there is not something new as for the whole month, RSI has been showing the same signals.

Advertisements