XRP price could fall again as the cryptocurrency market reacts to geopolitical shifts and gun control proposals
XRP price is likely to fall into the mid $0.30s again. Traders should keep the digital remittance token on their watchlist in hopes of catching a profitable trade. XRP price is still on pace for more decline. Invalidation of the bearish thesis is still a close above 0.44.
Luma price has relaunched after witnessing the largest crash in Crypto history. LUNA price has risen from the ashes as the digital asset’s 2.0 version trades at $7.00. Terra Luna creators have spent the last few weeks catering to public relations, press and responding to investors.
Dogecoin price has begun to detrend from the bias developed in last week’s thesis. The target of $0.11 may not be achieved. Dogecoin price has recently shown bearish re-entrance in the market. The bulls lost about 10% of gains made since the uptrend on May 27.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.