XRP Price Prediction for July 2

Some coins could not keep yesterday’s rise going, according to CoinMarketCap.

XRP/USD

The rate of XRP has declined by 0.42% over the last day.

On the hourly chart, the price of XRP has made a false breakout of the local resistance level of $0.4808. If the daily bar closes far from it, the correction may continue to $0.4762.

On the bigger time frame, none of the sides is dominating as the rate is far from the main levels. Buyers may start thinking about a trend reversal only if they restore the price to $0.4850 and fix above it.

A similar picture can be seen on the weekly chart. The volume remains low, which means buyers are not ready yet to seize the initiative.

Moreover, if the weekly bar closes far from its peak, traders can witness an ongoing drop to $0.47.

XRP is trading at $0.4805 at press time.

Source