XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy
The post XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy appeared on BitcoinEthereumNews.com. Once again, XRP has encountered a wall of resistance in its most recent attempt at recovery. The asset briefly moved toward the declining trendline that has capped every rally since June after rising from the $1.02-$1.04 support zone. As was to be expected, sellers intervened close to the trendline and moving average intersection, pushing XRP back toward $1.09. Technically, the picture is still conflicting. Positively, XRP is still printing higher lows than the June bottom, indicating that buyers are not giving up on the asset entirely. Bearish momentum is much weaker than it was a month ago, as the RSI has also recovered from oversold territory and is still above 40. XRP/USDT Chart by TradingView The issue is that XRP is still stuck below the 50-day EMA, which is around $1.12, and the 100-day EMA, which is around $1.17. Every rally is t