2 July Ripple Price Technical Forecast


Ripples (XRP) remains in a downtrend but the price action is becoming more corrective and choppier, which could indicate a potential reversal in the near future. Will the price be able to build a bigger uptrend? Gain insight into the following 2 July Ripple Price Technical Forecast.

2 July, GKFX – XRP/USD is approaching several key support zones again such as the -61.8% Fib target of the very first fall from the beginning of this year.

2 July Ripple Price Technical Forecast

It is also close to a supply and demand zone (brown lines) which could provide support as well and act as a potential reversal spot. A break above the resistance trend line (red) could indicate a new uptrend as well.

4h

XRPUSD

XRPUSD was showing a falling wedge chart pattern last week but price action already broke above that pattern. The question is whether price will manage to build a bigger uptrend from here?

The inverted head and shoulders pattern (green box) could be such a support zone but a the main breakout levels are the trend line (purple) and zone (brown lines).

Disclaimer

This article 2 July Ripple Price Technical Forecast was provided by GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you, then this should be solely at your discretion, and GKFX will not be held accountable in any way.

 

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