XRP/USD Long-term Trend: Ranging
Supply Zone: $0.46, $0.47, $0.48
Demand Zone: $0.44. $0.43, $0.42
The XRP price was also range bound in the month of July between the levels of $0.51 and $0.43. The cryptocurrency had $0.46 at the beginning of the month. The bulls initial step was that they took price to the high of $0.50 but were resisted and price fell to the low of $0.42. The bulls took price again to the high of $0.51 but the XRP price is currently trading at $0.45 as the time of writing.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal for the XRP price. In addition, the 12-day EMA and the 26-day EMA are above the price bars of the XRP which indicates that the bearish trend is likely to continue. Meanwhile, the Relative Strength Index period 14 is level 43 indicates that the price of the asset is in a sideways trend zone.
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