cryptocurrency-event-2018

XRP/USD Medium-term Trend: Ranging

Resistance Levels : $0.55 , $0.56, $ 0.57
Support Levels: $0.53, $0.52, $0.51

Yesterday, June 18, the price of Ripple had a bullish movement to the high of $0.55. Price of the asset touched the higher band of the Bollinger Bands and it fell to its range bound zone. From the 4 -hour chart, the asset had been ranged bound between the levels of $0.55 and $0.50. If the support level at $0.50 is holding, traders can trade at that  level to initiate long trades. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, the 12-day EMA and 26-day EMA is neither above nor below the price of the asset indicating a neutral signal. Nevertheless, the relative strength index period 14 is level 58 indicates that price of the asset is in the range bound zone.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ripple is in a bullish trend. On 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 BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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