XRP (XRP) Price Prediction for July 5
The XRP price today is trading around $2.24 after a failed breakout attempt above $2.30, a level that has repeatedly capped upside since mid-June. Despite brief bullish momentum, XRP remains stuck in a broader descending structure, with sellers re-entering near supply zones. The price is currently consolidating near a decision point that could define short-term direction.
What’s Happening With XRP’s Price?
XRP continues to respect a multi-month descending trendline that has acted as dynamic resistance since March. On the daily chart, price was recently rejected from the $2.30–$2.32 zone, just beneath the long-term descending trendline. This rejection came after a sharp move from the $2.05 support level and has since led to a short-term lower high.
On the 4-hour chart, XRP is forming a descending triangle pattern, with the horizontal base around $2.21 and a declining trendline pressing down from above. The price failed to maintain above the short-term breakout trendline and is now re-testing the $2.22–$2.23 region, which also aligns with recent lows.
The broader…
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XRP (XRP) Price Prediction for July 5
The XRP price today is trading around $2.24 after a failed breakout attempt above $2.30, a level that has repeatedly capped upside since mid-June. Despite brief bullish momentum, XRP remains stuck in a broader descending structure, with sellers re-entering near supply zones. The price is currently consolidating near a decision point that could define short-term direction.
What’s Happening With XRP’s Price?
XRP continues to respect a multi-month descending trendline that has acted as dynamic resistance since March. On the daily chart, price was recently rejected from the $2.30–$2.32 zone, just beneath the long-term descending trendline. This rejection came after a sharp move from the $2.05 support level and has since led to a short-term lower high.
On the 4-hour chart, XRP is forming a descending triangle pattern, with the horizontal base around $2.21 and a declining trendline pressing down from above. The price failed to maintain above the short-term breakout trendline and is now re-testing the $2.22–$2.23 region, which also aligns with recent lows.
The broader…
The post XRP (XRP) Price Prediction for July 5 appeared first on Coin Edition.
Read More
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