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Ripple Price Analysis: 7 June, XRP in Bullish Trend

It is likely that the Ripple to USD will recover while trading above the $0.42 level, approaching the resistance level of $0.
It is likely that the Ripple to USD will recover while trading above the $0.42 level, approaching the resistance level of $0.50

Ripple XRP Price: Dominant Trend is Bullish

Resistance Level: $0.50, $0.60, $0.70

Support Level: $0.35, 0.25, $0.15

On Thursday, Ripple’s XRP was negotiated in positive territory with earnings of just over 2%. The XRP/USD had a threat of $0.40 at the beginning of the session after the price collapsed in the territory at $0.39. Given the $0.4 defense speed, it seems that it could be the new lower zone, thanks to a critical trend line. The price has recently recovered above resistance levels of $0.42 and $0.45 against the US dollar to reach a new weekly high of $0.459 and is in the process of correction. It is likely that the Ripple to USD will recover while trading above the $0.42 level, approaching the resistance level of $0.50, $0.60 and $0.70 respectively. but if the bulls relent and give the sellers chances to take control of the market moving the price towards the support levels of $0.35, $0.23 and $0.15.

The 4-hour chart shows that the bulls are trying to return. The last two sessions are bullish and tend to the formation of ascending channels. During these sessions, the price went from $0.39 to $0.399. Prior to these two sessions, on Tuesday, June 4, 2019, this week, Ripple Price had a strongly bearish session, which placed the price at 4 hours below the 20-day moving average band, indicating that the Price was undervalued. This led the bulls to re-enter the market at the end of the day and maintain the bullish trend on Wednesday, June 5, 2019. The price crossed the upper limit of 9-day MA and headed towards the Ichimoku cloud indicator, which is bullish a sign. The relative strength indicator (RSI) is bouncing from the middle level and is currently around 52.57.

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