Rippled 1.0 Peer to Peer Network Launches for Ripple's XRP Ledger

XRP/USD Medium-term Trend: Bullish

Resistance Levels : $0.50 , $0.51, $ 0.52
Support Levels: $0.48, $0.47, $0.46

Yesterday, July 4, price of Ripple was in a bullish trend. The use of trend line was suggested in a bullish trend to determine support levels in order to initiate long trades. The bullish trend is continuing as the bearish candlestick retraces to test the trend line whereas the bullish candlestick moves higher highs to reach other levels of price.

Traders can buy low and sell high. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, price bars of Ripple is above 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. Nevertheless, the relative strength index period 14 is level 50 which indicates that price of Ripple 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 shorter term trend, price bars of Ripple is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.

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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