How To Buy Ripple's XRP Coin And Safely Store Cryptocurrency Tokens

XRP/USD Medium-term Trend: Ranging

Resistance Levels: $0.46, $0.47, $ 0.48
Support Levels: $0.44, $0.43, $0.42

Last week the XRP price was still in its range bound movement. The cryptocurrency is range bound between the levels of $0.51 and $0.43. The market has not made any significant movement since July 20. XRP price has been stable at $0.45. Traders cannot initiate any trade for now because the market has a choppy price action.

Nevertheless, the XRP price is neither below nor above the 12-day EMA and the 26-day EMA which indicates that XRP price is in a sideways trend. Also, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. Nevertheless, the relative strength index period 14 is level 44 which indicates that price is in a sideways trend.

XRP/USD Short-term Trend: Ranging

On the 1-hour chart, the price of XRP is in a sideways trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal. In the same vein, the price of XRP is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways.

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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