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- XRP price triggered a quick-run up between July 7 and 8, indicating an affinity to move higher.<\/strong><\/li>\n
- Although this move retraced, the chances of continuing this run-up to $0.387 and $0.439 are high.<\/strong><\/li>\n
- A four-hour candlestick close below $0.286 will invalidate the bullish thesis for Ripple.<\/strong><\/li>\n<\/ul>\n
XRP price is trying to stabilize above the midpoint<\/a> of a recently formed range, so it can trigger a run-up. The buyers and bullish momentum also seem to be in place, indicating that Ripple is ready for a move higher.<\/p>\n
XRP price ready to make some noise<\/strong><\/h2>\n
XRP price rallied roughly 8% between July 7 and July 8, triggering a breakout above the $0.336 level. This barrier is the midpoint of the $0.286 to $0.387 range that was formed when the remittance token initially rallied 35% between June 18 and June 24.\u00a0<\/p>\n
The most recent spike in bullish momentum<\/a> has pushed XRP price above a pivotal point indicating that it wants to move higher. Although the altcoin has retraced, it is trying to stabilize above this level.<\/p>\n
If successful, interested investors can open long positions and expect XRP price to first sweep the liquidity resting above $0.387. Once the first target is achieved market participants can either choose to book profits or hold their position for the retest of the next level at $0.439.<\/p>\n
![\"XRP\/USDT](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPPERP_2022-07-09_07-53-43-637929302291452922.png\")
<\/a><\/p>\nXRP\/USDT 4-hour chart<\/small><\/p>\n
On the other hand, if XRP price fails to stay above $0.336, it will indicate that the buyers are weak and an uptrend or recovery rally is unlikely. In such a case, if XRP price produces a four-hour candlestick close below the range low at $0.286, it will invalidate the bullish thesis for Ripple<\/a>.<\/p>\n
\n - Although this move retraced, the chances of continuing this run-up to $0.387 and $0.439 are high.<\/strong><\/li>\n