Ripple's XRP Coin Looks To Expand Despite SEC Security & Coinbase Listing Indecisions

XRP/USD Medium-term Trend: Bearish

Resistance Levels: $0.46, $0.47, $ 0.49
Support Levels: $0.44, $0.43, $0.42

Last week the price of Ripple was in a bearish trend. On July 17th, the cryptocurrency had a bullish movement that took price to reach the high of $0.47. Later,the XRP price was on a downward trend which resulted in its fall to the low of $0.43. Today, the digital currency has made a bullish movement to the high of $0.45 as at the time of writing.

Nevertheless, the 12-day EMA and the 26-day EMA are above the price of Ripple which indicates that the bearish trend is ongoing. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the relative strength index period 14 is level 44 which indicates that 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 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.

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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