XRP/USD Medium-term Trend: Bullish

Resistance Levels: $0.47, $0.48, $ 0.49
Support Levels: $0.44, $0.43, $0.42

Yesterday, July 24th, the price of Ripple was also in a bullish trend. The cryptocurrency is still range bound between the levels of $0.47 and $0.43. Since the price of Ripple is range bound, traders should ensure that they trade the key levels of the range bound zone. If traders had traded the previous low of $0.43, they would have made partial profits as the digital asset made a bullish movement to the high of $0.46.

Nevertheless, the price of Ripple is above the 12-day EMA and the 26-day EMA  which indicates that price is in the sideways trend zone. Also, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral signal. Nevertheless, the relative strength index period 14 is level 53 which indicates that price is in a sideways trend.

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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