Ripple Price Analysis 17th June 2020: XRP/USD

Ripple Price Updated

Ripple Price Analysis 17th June 2020: XRP/USD

XRP/USD 

The bounce back from the June 15 lows is confronting opposition at the 20-day EMA ($0.19). This proposes the bears are forcefully shielding the more elevated levels. The bears are presently liable to again endeavor to sink XRP beneath the help line of the even triangle. 

In the event that fruitful, another downtrend is likely. The main help is at $0.162 and beneath that $0.144. The 20-day EMA is step by step inclining down and the RSI is in the negative region, which proposes that bears have a slight favorable position. 

On the other hand, a break over the 20-day EMA will be the primary indication of solidarity. The fourth-positioned cryptographic money on CoinMarketCap is probably going to get energy after it breaks out of the downtrend line of the balanced triangle.