Ripple Levels to Watch — July 13
Despite being big news for Ripple, the lawsuit ruling by Judge Netburn did not affect the cryptocurrency, leaving it to the whims of the broader market sentiment. As a result, XRP suffered a massive influx of sell trades earlier today, driving it close to the $0.3000 support.
That said, the seventh-largest cryptocurrency posted a sharp rebound, promising to push the price back above the critical trendline, as seen on my 4-hour chart. However, XRP might not have the bullish pull to scale the $0.3200 mark and could embark on a retest of the $0.3000 support in the coming hours.
Meanwhile, my resistance levels are $0.3200, $0.3300, and $0.3400, and my support levels are $0.3000, $0.2900, and $0.2800.
Total Market Capitalization: $883.2 billion
Ripple Market Capitalization: $15.3 billion
Ripple Dominance: 1.73%
Market Rank: #7
That said, the seventh-largest cryptocurrency posted a sharp rebound, promising to push the price back above the critical trendline, as seen on my 4-hour chart. However, XRP might not have the bullish pull to scale the $0.3200 mark and could embark on a retest of the $0.3000 support in the coming hours.
Meanwhile, my resistance levels are $0.3200, $0.3300, and $0.3400, and my support levels are $0.3000, $0.2900, and $0.2800.
Total Market Capitalization: $883.2 billion
Ripple Market Capitalization: $15.3 billion
Ripple Dominance: 1.73%
Market Rank: #7
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