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.
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