$XRP Analysis

30 Min timeframe

The downside prevails as long as 0.7137 is resistance.

The pivot point of 0.7137 is acting as resistance, and as long as it remains so, the downside is likely to continue. If the price does break above 0.7137, then the next resistance levels to watch out for are 0.7355 and 0.7485.

The RSI is below 50, the MACD is negative, and the price is trading under both its 20 and 50 period moving averages. These all point to a bearish market sentiment. Additionally, the XRP/USDT is trading below its lower Bollinger band, which suggests that the price is oversold.

Overall, the technical analysis suggests that the XRP price is likely to continue to decline in the near term. However, if the price does break above 0.7137, then there is a chance that the downtrend could be reversed. Like and share.