Ripple (XRP) Technical Analysis June 27, 2018

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 was also in a downward trend like the other cryptocurrencies. The price of Ripple was $0.66 at the beginning  of June, 2018. During the downward trend in the month of June, the cryptoasset fell to the low of $0.44 and made a pullback to the price above $0.48. There are indications that the bearish pressure is continuing and if the bears break the support level $0.44, Ripple price will find support at $0.24.

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 the asset is in a 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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