Ripple (XRP) Technical Price Analysis, June 18, 2018

Ripple (XRP)

Ripple is trying to find support close to the $0.5 levels. Below this, the final support is at $0.45351. We believe that the bulls will aggressively defend the support zone between $0.5-$0.45351 because if this zone breaks, the next support is way lower at $0.24.

Any pullback will face selling at the $0.56270 levels and above that at the 20-day EMA. The XRP/USD pair will be out of danger once it breaks out of the downtrend line one.

We shall wait for the price to sustain above the downtrend line one before recommending any trade. On the upside, the rally will face resistance at $0.7 and again at the downtrend line of the descending triangle.