Ripple Price Analysis — July 25
While it showed solid bullish prospects over the weekend, upbeat expectations for Ripple were abruptly cut short at the Asian market open on Monday, forcing the cryptocurrency below the critical $0.3500 support.
XRP is now on the verge of retesting my ascending trendline at around $0.3400. While this line could provide some cushion to the fall, we could see a bearish extension towards $0.3200 in the coming days, ahead of the US FOMC meeting.
Meanwhile, my resistance levels are $0.3500, $0.3600, and $0.3700, and my support levels are $0.3400, $0.3300, and $0.3200.
Total Market Capitalization: $1.01 trillion
Ripple Market Capitalization: $16.6 billion
Ripple Dominance: 1.66%
Market Rank: #7
XRP is now on the verge of retesting my ascending trendline at around $0.3400. While this line could provide some cushion to the fall, we could see a bearish extension towards $0.3200 in the coming days, ahead of the US FOMC meeting.
Meanwhile, my resistance levels are $0.3500, $0.3600, and $0.3700, and my support levels are $0.3400, $0.3300, and $0.3200.
Total Market Capitalization: $1.01 trillion
Ripple Market Capitalization: $16.6 billion
Ripple Dominance: 1.66%
Market Rank: #7
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