Ripple (XRP) Current Price Review!!!

#Ripple is losing their support one by one. With 0.6 support tested today and the current state of the case, we are assessing the likely scenario.

Like all cryptocurrency markets, XRP continues its downward trend. The price, which lost the support of 1 dollar in June, cannot exceed $ 0.7. When the pressure of the #Binance cryptocurrency exchange was added to the news of China and India, the volumes dropped tremendously. Moreover, the fear / greed index of the market has also decreased significantly, so what awaits the XRP price?

✅Ripple (XRP) Price Analysis
XRP price is currently in the middle of a downtrend. The continuation of the pressure on the Bitcoin price may result in the break of the 0.6 support. Supports that the price can hold on the downside will be 0.56 and 0.52, respectively. We need to know that the expected negative news next week may push the price to 0.52 in the worst case scenario.

Although the momentum and MACD are sending signs of recovery, albeit weakly, the 50-Day Moving Average says the decline will continue.

✅Investors Need to Be Careful
The bears have seized power on the chart, so it seems possible for the price to break the 0.6 support unless there is a huge market recovery. For long-term investors, below these levels may create a buying opportunity. In the near future, we may see an XRP price fluctuating between 0.60 and 0.52. It may be useful to be prepared for this situation and to stop the 0.60 level, which is the closest support.

XRP is currently down 1% to find buyers at 0.617. The price tested the 0.6 support today, although daily volume is up 7%. The minor recovery was driven by the Bitcoin price.

🔥Tomorrow is an important day for Ripple , on July 15, the SEC will defend. What kind of details go into in the defense against William Hinman's statements is important, and if Ripple gets stuck in this hearing, naturally, it will have found a good excuse to let the XRP price down. The SEC will work to remove Hinman from the witness list at this hearing. The agency denies Hinman's testimony.

🔥Ripple will be in a difficult position if Former SEC Chairman Hinman, one of Ripple's biggest trumps, is removed from the witness list. With the close follow-up of the case, it is useful to be cautious in purchases.

Of course, the opinions shared here do not include investment advice, and you should make your investments as a result of your own research and evaluation.