cryptocurrency-event-2018

XRP/USD Medium-term Trend: Bearish

Resistance Levels : $0.46 , $0.47, $0.48
Support Levels: $0.43, $0.42, $0.41

Yesterday, June 26, price of Ripple made a partial bullish movement after it pulled back from the low of $ 0.45. The cryptoasset had been in a downward trend since it fell to the low of $0.48, on June 22. The overall trend of the cryptoasset is bearish as price falls towards the previous low of $0.44. However, if the downward trend continued and the support level at $0.44 is broken, Ripple will find support at $0.24.

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 Ripple which indicates that the bearish trend is continuing. Nevertheless, the relative strength index period 14 is level 45 which indicates that price is in the range bound zone.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ripple is in a downward trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and 26-day EMA are above the price bars of Ripple which indicates that the bearish trend is ongoing.

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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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