Ripple Price Analysis — July 29
Ripple enjoyed a three-day bullish streak this week, culminating in the cryptocurrency tapping the $0.3800 high. The three-day rally appears to be under threat on Friday, as XRP struggles with correction pressure.
That said, the $0.3800 top holds significant relevance for a near-term bullish recovery for XRP, given that this level has remained unbroken for the past month despite three breach attempts. A continuation of the general bullish recovery in the broader market could fuel a rally past the resistance line, pushing XRP to the $0.4000 figure.
Meanwhile, my resistance levels are $0.3800, $0.4000, and $0.4200, and my support levels are $0.3600, $0.3500, and $0.3400.
Total Market Capitalization: $1.09 trillion
Ripple Market Capitalization: $17.8 billion
Ripple Dominance: 1.63%
Market Rank: #8
That said, the $0.3800 top holds significant relevance for a near-term bullish recovery for XRP, given that this level has remained unbroken for the past month despite three breach attempts. A continuation of the general bullish recovery in the broader market could fuel a rally past the resistance line, pushing XRP to the $0.4000 figure.
Meanwhile, my resistance levels are $0.3800, $0.4000, and $0.4200, and my support levels are $0.3600, $0.3500, and $0.3400.
Total Market Capitalization: $1.09 trillion
Ripple Market Capitalization: $17.8 billion
Ripple Dominance: 1.63%
Market Rank: #8
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