XRP/USD Medium-term Trend: Bearish
Resistance Levels : $0.48 , $0.49, $ 0.50
Support Levels: $0.46, $0.45, $0.44
The XRP/USD pair was in a bearish trend last week. The 12-day EMA and the 26-day EMA are trending downward. The Bollinger Bands expands as price of Ripple fell to its low at $0.44. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Also. the 12-day EMA and the 26-day EMA are above the price of the cryptoasset which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 41 which indicates that price of the cryptoasset 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. The bulls brought price to the high of $ 0.47 and commenced a range bound movement. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Ripple is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing.
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