XRP Price Prediction for July 21

Bulls are trying to keep XRP in the green zone, despite a recent drop. The price is finding support, and analysts suggest a potential rebound to the $0.60 area.

Points

• XRP has fallen by 1.45% over the last 24 hours.
• The price is finding local support at $0.5770.
• Analysts predict a possible bounce back to the $0.60 area.
• Sideways trading is expected in the $0.57-$0.61 range.

XRP has experienced a slight decline, falling by 1.45% over the last 24 hours. However, analysts suggest that the price might have found a local support level at $0.5770. If the daily bar closes far from this support, buyers may seize the initiative, potentially leading to a bounce back to the $0.60 area.

On a larger time frame, the rate of XRP is far from the main levels, indicating that neither bulls nor bears are currently dominating the market. The falling volume also supports the likelihood of sideways trading in the $0.57-$0.61 zone.

From a midterm perspective, the scenario is quite similar. Observers should pay attention to the weekly bar. If it closes near its peak, the rise may continue to the $0.70 mark. Currently, XRP is trading at $0.5827.

Explanation

• Despite a recent drop, XRP might have found a local support level at $0.5770.
• Analysts predict a potential rebound to the $0.60 area if the support holds.
• Sideways trading is expected in the $0.57-$0.61 range due to falling volume.
• The midterm outlook suggests that a weekly close near the peak could drive the price to $0.70.