CNBC's Brian Kelly, CEO of BKCM, Talks Ripple Utility And XRP Coin Prices

XRP/USD Medium-term Trend: Bearish

Resistance Levels : $0.46 , $0.47, $ 0.48
Support Levels: $0.44, $0.43, $0.42

Yesterday, June 27, price of Ripple was in a bearish trend.Today, the cryptoasset is still bearish. 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 bars of Ripple which indicates that the bearish trend is continuing.

Yesterday, the bulls resisted the bearish move at a price of $0.45. If the bears had broken the support level at $.44, price of Ripple would find support at $0.24. Meanwhile, the cryptoasset is fluctuating between the levels of $0.48 and $0.44, since price of Ripple fell to the low of $0.44. Nevertheless, the relative strength index period 14 is level 42 which indicates that price is in the range bound trend zone.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ripple is in a Bullish trend. 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 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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