cryptocurrency-event-2018

XRP/USD Medium-term Trend: Bearish

Resistance Levels: $0.44, $0.45, $ 0.46
Support Levels: $0.42, $0.41, $0.40

Yesterday, July 11, the price of Ripple was in a bearish trend. On July 11, the cryptocurrency fell and closed at the low of $0.44. Then on July 11, price of Ripple was consolidating at that price while in a sideways trend. At this point in time traders should not initiate any trade because the market has no direction. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal.

Also, the 12-day EMA and the 26-day EMA are above the price bars of Ripple which indicates that the bearish trend is continuing. Nevertheless, the relative strength index period 14 is level 34 which indicates that the market is oversold suggesting bulls to take control of the market.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ripple is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. On the chart, the 12-day EMA and the 26-day EMA are above the price bars of Ripple which indicates that the bearish trend is continuing.

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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