Based

Flow

MN Coin

Coin

<ul class="news-points"> 
 <li>XRP faced resistance at $0.49 but bulls seemed committed to keeping the price above impending decline.</li> 
 <li>Accumulation at $0.48 could be the deciding factor for a consistent upward trajectory.</li> 
 <li>The ADX might need to stay above 25 unless sellers might take control of the market.</li> 
</ul> 
<a href="https://coinedition.com/tag/ripple-xrp/">Ripple’s (XRP)</a> performance in June was not something that bulls would have desired. Apart from the few times when the token made an upward movement, XRP consolidated for most of the month. 
As a result, it ended the month a little below $0.50. At press time, the token had lost 7.14% of its value in the last 30 days. With Bitcoin (BTC) above $30,000, it means that XRP’s outperformance against the number one cryptocurrency has only been <a href="https://coinedition.com/bitcoin-leads-other-major-world-assets-with-83-8-gain-in-h1-2023/">shortlived</a>. 
<h2 class="wp-block-heading" id="h-are-these-signs-of-recovery">Are These Signs of Recovery?</h2> 
With July already here, XRP was already attempting to create a bullish market structure. Based on the XRP/USD 4-hour chart, bulls’ dominance at $0.48 was initially shaky but it seemed to have been regained around $0.49. 
The previous fallback represents a lack of demand. But the Chaikin Money Flow (CMF) had increased to 0.22 at press time. 
Therefore, this oscillation point implies that XRP’s buying stre…
The post <a rel="nofollow" href="https://coinedition.com/xrp-may-surpass-its-current-slump-in-a-short-while-heres-why/">XRP May Surpass Its Current Slump in a Short While, Here’s Why</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

XRP May Surpass Its Current Slump in a Short While, Here’s Why

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