XRP needs to go back to $0.48 to give the bulls a run at $0.50

XRPUSD 071122 Daily Chart

Technical Indicators

XRP needs to break above the $0.4778 pivot to take a boost at the first major resistance (R1) level at $0.4880 and Sunday’s high at $0.49461. A return to $0.49 indicates a bullish session.

In the event of an extended rally, the bulls may rush in at the second major resistance level (R2) at $0.5048. The third major resistance level (R3) is located at $0.5318.

Failure to move through the pivot leaves the first major support level (S1) $0.4610 in play. However, barring another extended sell off, XRP should avoid below $0.4550 and the second major support level (S2) at $0.4508. The third major support level (S3) is located at $0.4238.

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