XRP/USD Medium-term Trend: Bullish
Resistance Levels: $0.48, $0.49, $ 0.50
Support Levels: $0.46, $0.45, $0.44
Yesterday, July 18th, the price of Ripple was in a bullish trend. The price of the cryptocurrency rose to the high of $0.51 but price made a pullback to the low of $0.47. The Ripple price is now in the range bound zone of $0.48 and $0.42 as a result of price fall.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In the same vein, the price of Ripple is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 49 which indicates that price is in the range bound trend zone.
XRP/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Ripple is in a bearish trend. The 12-day EMA and the 26-day EMA are above price of Ripple which indicate that the bearish trend is ongoing. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.
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