MonoCoinSignal

The Battle of the Supports and Resistan

BINANCE:XRPUSDT   XRP / TetherUS
We're looking at Ripple's current price of $0.3630. Looking at the RSI, it's sitting pretty in the neutral zone at 45.60, so there's not a lot of indication of which direction it might be headed. However, the volume oscillator is down at -17.47%, which suggests that there hasn't been a lot of trading activity lately.

Moving on to the Fibonacci retracement levels, the 0.5 level at 0.3672 could be an important support level if the price drops. If it falls below that, it could head toward the 1 level at 0.3473. But if it bounces back up, we might see it head toward the 0 level at 0.3870.

The Bollinger bands on the 4-hour timeframe are showing that the middle band is at 0.3685, with the upper band at 0.3814 and the lower band at 0.3557. So if the price is able to break through that upper band, we might see some resistance there, and if it falls below the lower band, there might be some support.

Now, let's talk about the news. Apparently, the US Fed is launching FedNow in July to counter Ripple. This could have a significant impact on Ripple's price, as it might reduce the demand for its services. So it's definitely something to keep an eye on.

Ripple's price is currently in a bit of a holding pattern. It's hard to say which way it might go, but if it does start to move, we should keep an eye on those Fibonacci levels, the Bollinger bands, and the news about FedNow.

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