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Day July 7, 2022

XRP’s Technical Struggles: RSI and Moving Averages Suggest Challenges Ahead

On the daily timeframe, XRP is holding above a dynamic support level. The 30-day RSI indicator reveals that it remains in the bearish zone, approaching a descending resistance trendline, which has been in place since late 2020. From a price perspective, the bulls face a significant challenge in overcoming the…

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