Ripple: Price Analysis, June 22

XRP/USD

Repeated failure of the bulls to scale above the $0.56270 levels has invited a fresh bout of selling by the bears. Ripple is now likely to fall to the final support at $0.45351.




XRP




A break of the $0.45351 levels on a closing basis (UTC) will be a negative development because the next support is way lower at $0.24. Such a move will complete a 100 percent retracement of the rally that had started in mid-December of last year.

If the bulls successfully defend the critical support level, the XRP/USD pair might again attempt to rebound above $0.56270.

We shall wait for a new buy setup to form before suggesting any trade on it.




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