Ripple price analysis: XRP faces yet another rejection at $0.35 as bearish momentum gathers

Ripple price analysis shows bearish signs once again after yesterday's uptrend was cut short. XRP faced yet another rejection below the $0.35 mark, failing to consolidate after setting bottom at $0.30 support.

Timeline of Xrp

Strategic expansion with its first office in Canada to onboard engineering talent, plans to hire hundreds across the globe this year SAN FRANCISCO--(BUSINESS WIRE)--Ripple, the leader in enterprise blockchain and crypto solutions, today announced a ne...

Even though Ripple is trading on its crucial support, buyers do not seem to have much desire to catch the falling knife. Therefore, the question is whether the cryptocurrency will experience a new sell-off?

Last Sunday (June 19), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano's research and development, talked about the FinTech firm's court battle with the U.S. Securities and Exchange Commission (SEC), which is arguing that $XRP is an unregistered security. As you may remember, on 22

XRP price in recent times is displaying extreme drain in its strength that may impact the upcoming rally. Much similar to the CEL pump, the previous day, the XRP price may also undergo a squeeze but probably a long squeeze. Therefore compels the XRP price to drain heavily in the upcoming days that may break …

The crucial lawsuit between US Securities and Exchange Commission (SEC) and Ripple is awaiting a decision over Hinman's Speech. However, Attorney John Deaton has hinted that resolution over it might come by the end of this week.

Ripple price analysis seems to be looking upwards again, as price consolidated above the earlier support point at $0.30 over the past 24 hours. The current trend carries potential to break an extended horizontal trend that has been in place since June 14, 2022, after a steep decline earlier in the month.

Ripple (XRP) has been trading above $0.30 support since June 13. Over the past week, XRP has fluctuated between $0.30 and $0.34, and the bulls have held off any further downward movement in the price. They were able to defend the $0.30 support while the coin made an upward movement.

British automotive company Lotus Cars, which manufactures sports cars and racing cars, has announced “plans to launch into the world of non-fungible tokens (NFTs).” In its press release, Lotus said that fo its first NFT collection it is working with NFT PRO and Ripple (which is “providing technical support” on the XRP Ledger). It also

Ripple price analysis continues to show bearish signs, as price struggles to break past support at $0.30. Over the past 24 hours, a seemingly temporary relief rally can be seen forming, which is expected after the continued downtrend.

The cryptocurrency market finally saw some relief. Although XRP has experienced a continuous downward trend for three months, it seems that buyers are gradually entering the market.