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.
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