MARKET WATCH EARLY 25JUNE: If XRP will end the monthly trade on a bullish note or remain consolidated close to $0.4 levels? 

In the short-term, the XRP price is setting itself a break after a massive upswing, which cannot be considered as a correction or pullback. Therefore, after a small accumulation of strength, the asset is primed to regain the levels above $0.4 initially and later chase $0.42 & $0.44 levels. 

Since Mid-April, the top 4th asset has witnessed dreadful days and clinched more than 50% of its value. While the asset began to consolidate, rather than a breakout, the XRP price faced another drop of nearly 30% to mark the lowest levels below $0.3. Currently, the asset after hovering below $0.33 for some days, pulled a massive leg up to test the immediate resistance. But woefully faced a notable rejection.

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Image from Tradingview on 25June2022

In the short-term, the XRP price is setting itself a break after a massive upswing, which cannot be considered as a correction or pullback. Therefore, after a small accumulation of strength, the asset is primed to regain the levels above $0.4 initially and later chase $0.42 & $0.44 levels. 

Based on indicators, RSI and MACD, both are pretty bullish and due to this the asset may maintain a notable upswing for the next couple of days. However, unless the price secures its levels above 1 FIB level at $0.45, it would be very difficult to aim at $0.5 levels for the monthly close. 

Therefore, the coming weekly close may turn the tables for the XRP price which appears to be confused with the next upcoming trend. Will the price manage to break above $0.4 this weekend or remain consolidated below the levels?

CRYPTO TRADING SECRET TEAM

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