Ripple (XRP) Technical Analysis July 11th

XRP/USD Medium-term Trend: Bearish

Resistance Levels: $0.46, $0.47, $ 0.48
Support Levels: $0.43, $0.42, $0.41

Yesterday, July 12, the price of Ripple was also in a bearish trend. The Ripple price closed at a price of $0.43 as at the close of July 12. The cryptocurrency is currently making some bullish movement. However, the MACD line and the signal line are below the zero line which indicates a sell signal.

In the same vein, 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 41 which indicates that the price is in the sideways trend zone.

XRP/USD Short-term Trend: Bullish

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

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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