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Mastering Crypto

07/23 04:35

XRP price analysis

The bulls propelled XRP above the overhead resistance of $0.83 on July 19 and 20, but they could not build upon this strength.

That may have tempted short-term bulls to book profits and the aggressive bears to initiate short positions. The bears will try to pull the price toward the support at the 20-day EMA ($0.65).

If the price rebounds off this level, the XRP/USDT pair may continue its range-bound action between $0.65 and $0.85 for some time.

A break and close above $0.85 could open the doors for a possible retest of $0.94, while a drop below $0.65 could sink the pair to $0.56.1690086931654.png

#Post Your Views on popular coins#Post Real-time Crypto News to Share 1,000 USDT#U.S. judge rules that XRP is not a security
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