ripple x rapid

XRP/USD Long-term Trend: Bearish

Supply Zone: $0.50, $0.55, $0.60
Demand Zone: $0.45. $0.40, $0.35

The XRP/USD pair had been bearish in the month of June 2018. Price of Ripple fell from the high of $0.66 to the low of $0.49. In the other words, the cryptoasset has depreciated to the tune of 25.75% in value as at June 23, 2018. Price of ripple has fallen to its low since the beginning of this year. Traders should look out for buy setups at the support level of Ripple in anticipation of a bullish trend.

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 above the price bars of  Ripple which indicates that the bearish trend is likely to continue. Meanwhile, the relative strength index period 14 is level 43 which indicates that price of Ripple is in the sideways trend zone.

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

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