XRP Price Looks Ready to Drop Another 20 Percent: Ripple Shorts Get Ready

XRP/USD Medium-term Trend: Bearish

Resistance Levels : $0.56 , $0.57, $ 0.58
Support Levels: $0.54, $0.53, $0.52

Yesterday, June 14, price of Ripple is in a bullish trend. The asset rose from its low of $0.51 to the high of $0.54. From the 4-hour chart, the MACD line and the signal line are below the zero line indicating a sell signal for the asset. Also, the 12-day EMA and the 26-day EMA are neither below nor above the price of the asset which is a neutral signal. That is the indicator is undecided about the direction of the market. Meanwhile, the relative strength index period 14 is level 42 indicates that price of the asset is in the range bound zone. As the bearish pressure is over the asset is now in a sideways trend.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, price of Ripple is in a bullish trend. From the chart, the MACD line and the signal line are above the zero line indicating a buy signal. Also, the price of the asset is above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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