XRP/USD Long-term Trend: Bullish
Supply Zone: $0.70, $0.75, $0.80
Demand Zone: $0.60. $0.55, $0.50
A look back at the XRP/USD pair for the last one month was that the asset had been bearish. Ripple asset began the month of May, 2018 with a price of $0.83. The price fell from the high of $0.83 to the low of $0.61. That is the asset depreciated for about 26.50%. Presently, the asset is trading at $0.67 in a bullish trend. The 20-day moving average and the 50-day moving average are trending upward to confirm the rise of the price.
Traders are to initiate long orders as the asset is expected to rise . The asset is expected to reach the highs of $0.70 and $0.75 but would face resistance at those levels. If the bulls failed to break those levels the asset would fall or move in a sideways trend. Meanwhile, the relative strength index period 14 is level 48 indicates that price of the asset is in the range bound zone.
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