Ripple Price Analysis — June 27
Ripple maintained a downward momentum over the weekend but retained its spot above the $0.3500 support, indicating a decent bullish presence at that level. At the American session open today, XRP fell to the $0.3500 base, where it currently sits, amid a bearish open on Wall Street. Regardless, the price remained firmly atop this level thanks to solid support from the 100 EMA.
That said, the payment cryptocurrency currently trades within a bullish flag, suggesting a mild bullish breakout pattern in the coming days towards $0.4000. This bullish turnaround bias is supported by the 4-hour stochastic indicator, which shows that trading momentum has hit oversold regions, and a reversal is imminent.
Meanwhile, my resistance levels are $0.3800, $0.4000, and $0.4400, and my support levels are $0.3500, $0.3000, and $0.2500.
Total Market Capitalization: $933.8 billion
Ripple Market Capitalization: $17 billion
Ripple Dominance: 1.82%
Market Rank: #7
That said, the payment cryptocurrency currently trades within a bullish flag, suggesting a mild bullish breakout pattern in the coming days towards $0.4000. This bullish turnaround bias is supported by the 4-hour stochastic indicator, which shows that trading momentum has hit oversold regions, and a reversal is imminent.
Meanwhile, my resistance levels are $0.3800, $0.4000, and $0.4400, and my support levels are $0.3500, $0.3000, and $0.2500.
Total Market Capitalization: $933.8 billion
Ripple Market Capitalization: $17 billion
Ripple Dominance: 1.82%
Market Rank: #7
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