XRP/USD Long-term Trend: Bearish

Supply Zone: $0.55, $0.60, $0.65
Demand Zone: $0.45. $0.40, $0.35

A look back at the XRP/USD pair from the month of June. The asset had been in a bearish trend. The asset fell from the high of $0.66 to the low of $0.52. There are indications that the asset is likely to fall to the low of $0.50. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal for the Ripple asset.

In addition, the 12-day EMA and the 26-day EMA are neither above nor below the price of the asset, indicating a neutral signal. The exponential moving averages are at par with the price of the asset because the asset is in a sideways trend. Meanwhile, the relative strength index period 14 is level 44 indicates that price of the asset is in a sideways trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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