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.
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