The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Ripple price analysis is bullish for the upcoming days as the market retraced from a $0.74 high over the past days and retraced to the $0.65 mark. Therefore, we can assume XRP/USD has set a higher low, from which to start pushing higher over the following days.
XRP/USD traded in a range of $0.6351 – $0.6712, indicating a strong amount of volatility. Trading volume has dropped by 16.65 percent and totals $2.36 billion. The total market capitalization measures around $29.6 billion, ranking the cryptocurrency in 7th place overall.
The overall market still trades with a strong bearish momentum since further highs were not set at the beginning of June. After a retracement to the $0.80 previous support, XRP/USD did not reverse higher and eventually pushed lower again.
On the 22nd of June, support around $0.50 was eventually reached, and a slight spike higher was made over the following hours to the $0.70 mark. Earlier this week, XRP/USD started moving higher again and set a slightly higher high at $0.73.
Currently, we can assume that XRP/USD attempts to set a higher low, from which to push higher over the following days. However, a clear signal that a higher low is set is yet to be seen, meaning that some more downside can be expected over the
rest of today.
Ultimately, once XRP established a higher low, we can expect another push higher over the weekend, with next resistance target at $0.80. Once the $0.80 resistance is reached, the overall XRP/USD market structure will start to look a lot more bullish.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
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