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XRP Price Prediction For July 24
As the cryptocurrency market continues to fluctuate, it’s essential for investors and traders to stay informed about the latest price predictions and market trends. In this article, we’ll analyze the current situation of Ripple (XRP) and provide a comprehensive XRP price prediction for July 24.
Currently, XRP is displaying signs of weakness after its recent rally, and technical signals indicate that the token may be preparing for a deeper pullback. Despite remaining above crucial support levels, chart patterns and broader market conditions are flashing early warning signs.
One indication of potential weakness comes from the weekly chart, where a bearish divergence is forming. This phenomenon occurs when the price makes higher highs, while the Relative Strength Index (RSI) prints lower highs. Such divergences often signal that momentum is slowing down, which could lead to a stronger correction in the coming weeks or months.
According to crypto analyst Josh from Crypto World, support lies around $3.00, while the next major resistance is between $4.60 and $4.70. These zones are based on Fibonacci levels, commonly used to predict where prices may reverse.
Source: coinpedia.org
