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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 20, price of Ripple traded and closed at a price of $0.53, while in a sideways trend. Price of Ripple reached the upper band of the Bollinger Bands and fell to a range bound movement. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, price of the cryptoasset is neither above nor below the 12-day EMA and the 26-day EMA indicating that the market is ranging. Nevertheless, the relative strength index period 14 is level 54 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. Price of Ripple also reach the upper band of the Bollinger Bands but it resisted the upward movement. On the chart, the MACD line and the signal line are above the zero line indicating a buy signal. Also, the price of the cryptoasset is above the 12-day EMA and the 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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