HomeUncategorizedXRP price rally stalls near key level that last time triggered a 65% crash By Cointelegraph

XRP price rally stalls near key level that last time triggered a 65% crash By Cointelegraph

June 26, 2022

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XRP price rally stalls near key level that last time triggered a 65% crash

Ripple’s (XRP) ongoing upside retracement risks exhaustion as its price tests a resistance level with a history of triggering a 65% price crash.

XRP’s price gained nearly 30%, rising to $0.36 on June 24, four days after rebounding from $0.28, its lowest level since January 2021.

four-hour price chart featuring “cup and handle” pattern. Source: TradingView
XRP/USD daily price chart featuring 50-day EMA upside target. Source: TradingView
XRP/USD four-hour price chart featuring 200-4H EMA resistance. Source: TradingView
XRP/USD weekly price chart featuring ‘descending triangle’ setup. Source: TradingView
XRP/USD weekly correlation with Nasdaq. Source: TradingView
XRP/USD weekly price chart. Source: TradingView