Ripple Under $0.50, A Good Opportunity to Buy? - XRP Analysis 06 July 2018

#Ripple has been one of the most interesting alcoins for the 2017, but 2018 has been a tough year, as for the vast majority of cryptocurrencies.
At the end of June, the price went down to $0.42, that represents the lowest price for this year. Buyers seemed to react, pushing the price over $0.50, but now the price is facing again an important downtrend line and seems to be rejected, going towards $0.45 area once again.

I expect a strong movement in the next days, so I will continue to monitor the area $0.45-$0.48 and look for a breakout of this level.

Indicators show that the price may go even lower than $0.47 and I agree with this bearish outlook.

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