#XRP # #July Market Forecast#

Technical Forecast: The technical indicators for XRP provide mixed signals.
XRP traders are watching cautiously as the price movement has stabilized at the resistance level of $3.20, while the risk of a downturn is increasing. The Moving Average Convergence Divergence (MACD) indicator signaled a sell on Thursday when the blue line crossed below the red signal line.

Investors often think about reducing their exposure after identifying this signal, which is currently reinforced by the red histogram bars below the zero line.

Although the Relative Strength Index shows signs of stability after dropping from an overbought peak of 88, the overall trend is bearish. If the Relative Strength Index continues to decline below the midpoint, indicating reduced buying pressure, selling may continue beyond the short-term support range between $2.95 and $3.00.
The 50-day exponential moving average (EMA) may absorb selling pressure at $2.74, and the 100-day exponential moving average at $2.53, preventing the price from accelerating below the $2.50 level. On the other hand, a potential breakout of resistance at $3.20 could strengthen the bullish trend towards the all-time high, possibly reaching the next key level at $4.00.