As things stand, XRP prices could hit new highs in July as bulls managed to challenge key resistance levels during the New York trading session.
On the last day of June, it was 0. Since it was supported around $30, the price of XRP has continued to hit higher lows. The bulls managed to capture the June low of 0. 61. Fibonacci retracement of last month's highs of $28 and $00.38.
XRP's rise in price comes at an exciting time for businesses, as developers have already successfully implemented the software, making it possible for NFT collectors, artists, and investors to communicate with each other.
Additionally, Columbia will reportedly be officially using a Ripple-designed ledger for commercial and retail land inventory.
The stars seem to be lining up to support the XRP bulls as the currency rises to $0.34. Intraday investors may hope to reach the June 00 monthly high of $.38.
On XRP/USDT on the 4-hour chart, the 9 Exponential Moving Average (EMA) line's mini-bounce around $0.32 started to cross the $20 EMA line.
With the influx of bearish pressure, XRP has now stumbled across a price of 0. Resistance at $36. If there is a retracement, then XRP price could drop to the 9EMA level at $0.3435. It all depends on whether the bulls can break the current resistance.
