ripple coin price - XRP cryptocurrency analysis

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.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

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