There are much easier ways to make money in crypto, and certainly much safer ones than Ripple is currently offering.

Ripple struggled again on Tuesday, losing over 4%. At this point, Ripple is threatening the $0.33 level, and it looks likely to break down to test the $0.30 level in the next couple of sessions. Ripple continues to struggle right along with the rest of crypto, which is currently in a huge state of disaster. After all, there have been a lot of questions about fraud and viability, so money in general has run away from crypto over these last several months.

When you look at the crypto market, it’s clear to see that we are heading into a situation much like 1999 for technology stocks. We are about to see a lot of coins and markets disappear, but that is not necessarily a bad thing. After all, the quicker we get through getting rid of unprofitable ventures, the quicker we are going to see some type of massive bullish run, not only for pricing in the markets but for the use case scenario.

Ripple is a bit of an outlier in the sense that there are banks that use it for cross-border transactions already. However, it should also be noted that the SEC is still currently fighting Ripple in the courts, trying to determine whether it is a security or not. That being said, if the SEC ends up winning the court case, the CEO of Ripple has suggested that they would leave and abandon the United States altogether. In other words, it would be a banking token that is ignoring the most profitable and lucrative economy in the world. That is not a bullish argument, although it does not necessarily mean that Ripple has to completely disappear either.

With a backdrop like that, if Ripple starts to rally, you can guarantee that quite a bit of other markets is doing the same. This is because not only does Ripple suffer at the hands of risk appetite like the rest of crypto, it is also one that has that specter of a lawsuit hanging over it. Nonetheless, the market could really take off to the upside if and when it gets a decision, assuming that it is not fatal doing business in the United States. There are much easier ways to make money in crypto, and certainly much safer ones than Ripple is currently offering.

XRP/USD is trading slightly above the 35 cents value, as the digital asset has incrementally stumbled and continues to test important lower support with suspicious movement.

On the 14^th and 16^th of June XRP/USD stumbled to within sight of 29 cents.  As of this writing Ripple is trading slightly above the 35 cents level, which can be argued is a solid gain. However, the month of June began with XRP/USD trading above the 41 cents mark. On the 10^th of June XRP/USD was still trading near 40 cents. Considering the volatility seen in the broad cryptocurrency market, the ability of XRP/USD to be trading near 35 cents as June gets ready to conclude may be a small victory.

However, traders within XRP/USD who are pursuing speculative positions may remain skeptical about Ripple’s value as July gets ready to start.  The ability of XRP/USD to stay above 30 cents is likely an important psychological reference point for the value of Ripple, if this juncture were to give into a serious selling storm it could open the door for a considerable amount price velocity to have an effect downwards.  

XRP/USD can be viewed as having traded in a consolidated manner during the month of June, but in a percentage ratio, given the fact that Ripple trades in cents – large changes of value do take place.  Speculators need to be cautious with XRP/USD because of the fractional trading that occurs within its digital landscape. Depending on the amount of leverage being used a one cent move in XRP/USD can become a costly endeavor. Traders are advised to use cautious leverage and entry price orders, so they are able to start a wager with XRP/USD that meets their expectations when a trade is ignited and the value changes do not rip apart their trading accounts.

XRP/USD does mirror it major cryptocurrency counterparts, nervousness in the broad market has a definite effect on the price of Ripple. On the 23^rd of June XRP/USD was trading near 0.32200, and on the 24^th of June the price of Ripple climbed to a short term apex of nearly 0.38550. The change of value in one day with a gain of more than 6 cents was significant. However, since reaching this short term high XRP/USD has incrementally stumbled again and is now testing important support.

Ripple Outlook for July

Speculative price range for XRP/USD is 0.23700 to 0.44000.

If downside price momentum continues to build in XRP in the near term there is reason to suspect the 33 to 34 cents range can prove important. If the 33 cents juncture were to falter this could set off another storm of selling and targeted anticipation that the 32 and 31 cents marks will start to be flirted upon. Should XRP/USD react to a new storm of selling in the broad cryptocurrency market, there is reason to suspect the 29 cents level could be tested again.

Although the 29 cents level held during June, if another wave of selling grows within the broad crypto market, this level may prove vulnerable. From a technical long term chart perspective if the January 2021 prices of 27 cents came into focus this could set off a firestorm of pressure in XRP/USD. Any sustained move below 27 cents could trigger further selling and a potential move to marks seen in October and November of 2020, when XRP/USD traded near 24 cents. Traders should keep their ambitions realistic when pursuing their positions and be willing to cash out profitable wagers if they are produced.

Traders looking for upside price action in XRP/USD should look for fast trades until the bearish trend can be declared dead, and that will take some doing. XRP/USD is within lower depths, so looking for short term reversals higher which target 36 cents is reasonable, but stop loss orders should be used at all times in case the market continues to track lower. If the 36 cents level is punctured higher, traders could aim for 37 and 38 cents. Looking for higher price levels can be done, but it should be remembered that the highs for XRP/USD were only around the 41 cents range in June and this occurred in the first week of the month.

If coins like Bitcoin and Ethereum cannot pick up their feet, I just don’t see how one that is so highly sensitive to a potential verdict in the court case is going to do any better. 

Ripple initially showed signs of life Tuesday but did very little in the way of momentum. The $0.33 level continues to be an area of interest in this market, but there’s nothing on this chart that even remotely looks like a bullish move waiting to happen. We had recently broken through a descending triangle, which measures for a move to approximately $0.20, and I think we will go lower than that given enough time.

When you look at this market, it’s easy to see just how soft it has been over the last several months, and with the SEC lawsuit going on forever, it’s difficult to see how it will get the green light to go much higher. Beyond that, crypto is dead money at the moment, so with all of these issues, we will more likely than not see this as an opportunity to short yet another crypto with leverage, given signs of exhaustion. The market has the 50-day EMA sitting at about $0.43 and dropping quite drastically. In this type of environment, it’s difficult to imagine a scenario where you’d want to go “all in” when talking about Ripple.

We are in an environment where several ecosystems are going to disappear, and a lot of tokens are going to go to zero. I don’t necessarily know that Ripple is one of them, but it certainly doesn’t look like it has much of a bright future at this moment. I think given enough time, we will probably see this market try to make some type of stabilization move, but right now I just wouldn’t put a lot of money or faith into this market.

If coins like Bitcoin and Ethereum cannot pick up their feet, I just don’t see how one that is so highly sensitive to a potential verdict in the court case is going to do any better. The very first thing you need to see when it comes to any crypto market is for Bitcoin to rally. After that, you need to see Ethereum do the same thing. Then, and only then will you have any potential whatsoever of a rally in some of the smaller markets. If the SEC lawsuit goes in favor of Ripple, that could send this market straight up in the air, because it is used by a handful of banks and other parts of the world.

XRP/USD has sunk to depths not seen since January of 2021 as it hovers near the 30 cents ratio in early trading this morning.

In early price action today XRP/USD is below the 30 and a half cents level. A handful of hours ago XRP/USD fell through the 30 cents juncture, but then was able to reverse slightly higher. A parade of optimists is likely not about to suddenly emerge on the streets proclaiming XRP/USD has incredible upside. Ripple like all the other major cryptocurrencies continues to struggle in a violent bearish trend which is showing no remorse.

In yesterday’s trading XRP/USD did flirt with the 29 cents ratio, but did not fall below this juncture.  XRP/USD is now looking straight into a price range it last saw sustained price action during January of 2021, and intriguingly this ratio does show some technical support which may be targeted near the 27 cents mark.

Unfortunately technical trading at this point is largely about perception and real market value is likely to test many types of theories regarding where price junctures correlate. In other words, traders will hear plenty of opinions that may not amount to much in reality. The lower depths now being tested by XRP/USD are near prices which in January of 2021 were starting to actually cycle higher and gravitate towards over exuberance when XRP/USD nearly hit the 2.0000 level in the second week of April 2021.

The highs water marks XRP/USD experienced last spring are long gone; the broad cryptocurrency market is now suffering from an extremely strong slump in value. While some speculators may be tempted to look for short term reversals higher, skeptics may rightfully believe the stronger price action and velocity will still develop to the downside. If current conditions prevail in digital assets, the 30 cents level in XRP/USD will prove psychologically important.

Traders looking for a quick target who have the ability to withstand potential strong volatility may want to target 30 cents as a take profit via selling positions. If the 30 cents ratio proves vulnerable the 29 and three/quarters cents level could be the next goal. If XRP/USD breaks below 29 cents today, the next area Ripple may be headed is towards the 27 cents depth.

Traders are advised to be extremely cautious and make sure all their risk management is in place. Entry price orders when igniting positions are urged, to make sure price fills meet expectations. Selling XRP/USD feels like the logical wager in the present circumstances.

Ripple Short-Term Outlook

Current Resistance: 0.31170

Current Support: 0.29950

High Target: 0.33340

Low Target: 0.27350

We still await the SEC lawsuit decision before we see real traction.

Ripple tried to rally again on Monday but simply cannot get off of its back. This is not a huge surprise, because most of crypto looks rather anemic. Add to the fact that Ripple is dealing with an SEC lawsuit that seems like it’s never going to end, there’s no real reason to think that Ripple was suddenly going to rip to the upside. Quite frankly, it’s probably more likely that it does the exact opposite.

At this point, the $0.40 level looks to be a bit of a magnet for the price, but I believe that we are about to break down again, based on the technical pattern on the chart. The descending triangle measures for a move to $0.30, and I think that move could be rather quick. If we get some type of negative momentum in the crypto markets overall, that will be reason enough for Ripple to fall. While once thought of as a potentially strong project, Stellar Lumens can do the same thing without the SEC causing headaches.

That being said, it’s worth noting that the market is going to be highly sensitive to the rest of crypto, so if we do get some type of bullish run in other markets, that could translate into a short-term balance for Ripple. However, I would not get overly excited about any rally and would look at it with suspicion. In fact, I will probably find an offshore exchange to start shorting this market again, especially near the 50-day EMA.

Longer term, I think Ripple could be interesting. However, I believe you are probably going to get an opportunity to buy it at much lower levels, perhaps as low as $0.20 if you are patient enough. At that point, I might buy some and stick it in a wallet somewhere to simply forget about it. If it works out, great. If it does not, that’s okay as well, as it won’t be a major loss in the big scheme of things.

While Ripple does have a lot of traction in some parts of the world, not being able to use the US banking system is going to be a major weight around its neck, so we still await the SEC lawsuit decision before we see real traction.

At this point, I just don’t have a scenario in which I want to put a lot of money into the crypto world.

Ripple fell a bit on Friday as we continue to see a lot of negativity in the crypto markets. Ripple has the added problem of an SEC court case that is continuing. At this point, it’s possible that Ripple may win the case but lose the war. Quite frankly, this is a market that has been eviscerated, and as long as we continue to see more of a “risk-off” type of attitude around the world, I just don’t see how Ripple takes off.

If we were to break down below the $0.35 level, it’s very likely that Ripple will then drop to the $0.30 level. The $0.30 level obviously has a lot of psychology around it as it is a large, round, psychologically significant figure, so a bit of a bounce would not be a huge surprise. If we were to break down below there, then it’s likely that we could go to the $0.25 level. If the court case in the United States goes against Ripple, that could send this market down to single digits rather quickly.

On the upside, if we were to break above the $0.45 level, that may be cause for a little bit of a relief rally, but I would anticipate that somewhere near the $0.50 level we would have issues. Not only does it have a little bit of psychology attached to it, but it also has the 50-day EMA there as well, and that should offer quite a bit of resistance. Breaking above there then allows this market to be one that is bought. We’ve been in a downtrend for quite some time, and you could even squint and see some type of descending triangle that we are in. In general, this is a market that I think will see a lot of negative pressure, and Ripple is pretty far out on the risk spectrum to think that we are going to go much higher. Crypto in general looks like a disaster, so it’s likely that we will see more negativity. At this point, I just don’t have a scenario in which I want to put a lot of money into the crypto world. Beyond that, if we were to see a crypto rally, Ripple is probably really far out there for me to get involved in.

Ripple is trading below the 40 cents juncture, and has shown little inclination to spring a strong reversal higher as the month of June approaches.

XRP/USD is trading near the 39 cents level as May gets ready to head into the sunset.  A low below 33 cents was seen in XRP/USD on the 9^th of May. While Ripple may have been able to pick itself up from the lower depths of that value, XRP/USD remains fragile and its ‘high’ of nearly 46 and half cents which was seen on the 13^th of May quickly disappeared. XRP/USD has incrementally sunk lower since this value was seen late in the second week of May.

As June prepares to launch, the broad cryptocurrency market remains in a fragile state. XRP/USD along with its major counterparts is struggling near important support levels. Very few bullish speculators seem to be prepared to step into the mix and become strong buyers at this time. XRP/USD is struggling near important support and has shown a real inability to create sustained reversals higher.

The 40 cents juncture may prove to be an interesting psychological juncture for XRP/USD.  If Ripple continues to struggle beneath this value and is not able to climb above it and maintain a semblance of positive traction, the long term bearish trend which has been in effect since late March will likely remain difficult to stop. Yes, Ripple does serve as a utilitarian digital asset in the banking sphere, but a lot of its value is based on speculative confidence.  If XRP/USD remains locked in its downward trajectory technical traders may have to consider a couple of rather negative signals.

While the results of trading in XRP/USD have certainly plummeted along with its major crypto counterparts, Ripple remains within a value range that is still within its early exuberant buying spree of February and early March of 2021. Technically it can be perceived that if bearish momentum continues and XRP/USD breaks through the 34 cents mark below, that things for Ripple could get worse before they get better.

Ripple Outlook for June

Speculative price range for XRP/USD is 0.23000 to 0.51000.

If downside momentum in XRP/USD remains steady and the 38 cents level falters and the 37 cents mark is proven to be vulnerable, bearish momentum could intensify. Yes, the broad crypto market remains extremely weak from a sentiment perspective and XRP/USD certainly feeds off of this nervous energy. A test in the second week of May saw Ripple fall below 34 cents and if this were to happen again, barriers below could quickly disappear.

If XRP/USD continues to consolidate below the 40 cents juncture and doesn’t jump above it this could be a poor indicator. If the 37 cents were to prove weak and trading suddenly could not penetrate 38 cents, traders may be inclined to continue pursuing downside momentum. Price velocity in XRP/USD is usually not as strong as its major counterparts, nevertheless traders need to use take profit and stop loss orders to engage properly. Leverage should be used conservatively.

For the few and brave among the cryptocurrency traders who decide to look for upside price action, XRP/USD has a target of 40 cents which stands right before them. If the 40 cents mark can be toppled and sustained, traders cannot be blamed for looking for 41 and 42 cents. However, before speculators become too optimistic they should note the 44 and 45 cents junctures do seem to be significant resistance levels. Certainly they could be punctured higher, but for the moment the nervous sentiment within the broad cryptocurrency market makes these higher values feel like they are miles away.

XRP/USD has moved lower and is above strategic support ratios, which if proven weak could spark additional nervous selling for the digital asset.

As of this morning, Ripple is trading below the 41 cents level. A high with of nearly 0.42750 was seen yesterday, but a wave of strong selling in the broad crypto markets ignited downward movement in Ripple. A low of nearly 40 cents was challenged as XRP/USD slid quickly; the price velocity of the move is troublesome from a technical perspective.

While XRP/USD was able to hold back the selling and did demonstrate a slight reversal higher, this move has not caused a strong parade upwards.  Ripple remains within a price ratio of long term lows and speculators who are glancing at charts need to pull out five year charts to gather a perspective. On the 12^th of May XRP/USD did hit 35 cents and briefly flirted with the 33 cents juncture. On the 13^th of May a strong reversal higher was sparked to around 46 cents. Prices from February and March of 2021 are being tested as support levels now.

However since hitting this mid-May high XRP/USD has been choppy and incrementally traded lower again. Yesterday’s low challenged prices last seen on the 20^th of May. Nervous conditions remain evident and if another flourish of strong selling hits the broad cryptocurrency market there is reason to suspect current support levels will falter in XRP/USD. If Ripple falls through the 40 and half cents ratio, speculators will have their eyes on the 40 cents mark again.

Behavioral sentiment suggests that the 40 cents mark is important. Yesterday’s climb from this lower depth was significant, but if the value is touched again there is a likelihood that 40 cents could crumble, and the 39 and 38 cents realms will become a focus. Price velocity was apparent in the broad cryptocurrency market yesterday. After being able to establish short term highs over the weekend, the major digital assets witnessed a strong and sudden selloff and XRP/USD could not escape this fast decline.

Some speculators may believe Ripple has been oversold, and they may be proven correct in the long term. However, day traders may want to continue to look at the current bearish trend and remain speculative sellers. The notion that XRP/USD is going to produce an outlandish climb higher and not retest current lows is not probable in the near term. Current support levels do look vulnerable, and speculators who want to wager on further downside action with selling positions cannot be blamed. Shorting XRP/USD when it comes close to existing resistance may be a solid tactic short term.

Ripple Short-Term Outlook

Current Resistance: 0.41190

Current Support: 0.40127

High Target: 0.42360

Low Target: 0.38190

Expect volatility, but this is still a “fade the rallies” type of situation.

Ripple has done almost nothing on Tuesday as we continue to see crypto markets do nothing as well. Ultimately, Ripple is in a major downtrend, and that is more likely than not going to continue to be the case. After all, there is a huge SEC lawsuit out there working against the company, and then we have to worry about the fact that the crypto markets themselves are melting down.

Remember, Ripple is being measured against the US dollar, which is by far the strongest currency out there, and it makes a lot of sense that we would see pressure on this coin. However, it is pretty far out on the risk spectrum, so it takes more risk appetite out there to get involved in this market than it does other coins such as Ethereum or Bitcoin. Speaking of which, both of those coins are struggling in general, so it is only a matter of time before the negativity over there will weigh upon this much smaller market.

On the upside, the $0.50 level is significant resistance, and it is likely that we would see downward pressure in that region. The market breaking above there would be the first step toward turning things around, but ultimately the $0.60 level is also resistance, and then above there we have the 50-day EMA that comes back into the picture as well. It is not until we get through all of that that I would consider buying Ripple, and at this point it looks like we are going to continue to see selling pressure.

The $0.40 level is a short-term support level, and then after that, we have the 35% level that will come into the picture as well. Ripple looks as if it is going to go down to the single-digit territory, but that does not necessarily have to happen right away. If we see Bitcoin break down below the $25,000 level, it will be like the trapdoor opening up on crypto in general, and obviously, Ripple will not have any chance in that type of scenario. After all, crypto has shown itself to be highly correlated to not only risk appetite, but everything that Bitcoin does. Expect volatility, but this is still a “fade the rallies” type of situation.

XRP/USD remains near important lows after touching a depth it had not traversed since January, as the price of Ripple struggles to create positive momentum.

XRP/USD is trading near the 62 and a quarter cents ratio as of this writing.  This past Saturday saw XRP/USD slip to a value below the 57 cents level, a mark that had not been seen since the last week of January. The broad cryptocurrency market remains in a bearish mode and Ripple has certainly been caught within the tide of negative sentiment.

XRP/USD traded near the 62 and half cents level on the 23^rd and 24^th of February. Traders need to understand the price range XRP/USD is now traversing hasn’t sincerely been fought over since the last week of January in a sustained manner. If XRP/USD is not able to climb higher near term and remains under the 62 and half cents juncture, this could create additional fragile behavioral sentiment among traders.

If support near the 62 cents mark proves vulnerable, traders cannot be blamed for targeting lower values with selling positions. XRP/USD proved this weekend that it is capable of moving fast and the spike lower on Saturday mirrored results seen in other major cryptocurrencies as fear grew. Some speculators may want to claim that profit taking was a cause for the sharp decline this weekend, but the downwards trend in XRP/USD and other major cryptocurrencies are testing vital support across the crypto landscape.  

The notion that XRP/USD has now completely fallen through levels which were believed to be important support as the digital asset created a bullish trend from late February until late March is a poor indicator. The total reemergence of bearish momentum and failure of support levels to hold back selling, signals further declines could be demonstrated near term. If the 62 cents level is brushed aside, aiming for support near 61 and half cents seems almost reasonable. Volatility may continue to be exhibited in XRP/USD and traders need to use their risk management carefully.

Traders who want to pursue higher momentum and believe reversals will be demonstrated should not be overly ambitious regarding their targets.  XRP/USD has seen a steady loss of value the past couple of weeks and its price velocity this weekend was fast. Some traders may believe the worst of the selling is over, but speculators who decide to wager on higher moves should remain cautious.

Ripple Short-Term Outlook

Current Resistance: 0.62820

Current Support: 0.61750

High Target: 0.64390

Low Target: 0.58550