XRP/USD Medium-term Trend: Bullish
Resistance: $0.67, $0.68, $0.69
Support: $0.65, $0.64, $0.63
Last week, price of Ripple had been under a bearish pressure. Although, price fell from the high of $0.70 to the low of $0.54, on May 29, 2018. Later the asset commenced a bullish movement with a large bullish candlestick. The 20-day moving average is above the 50-day moving average indicating that price of Ripple is rising. However, the bulls are likely to face
resistance at a price of $0.70. But if the resistance level at $0.70 is broken price will reach the high of $0.90. Meanwhile, the relative strength index period 14 is level 71 indicates that the market is overbought suggesting bears to take control of the market. The market can still rally even at the oversold market condition.
LTC/USD Short-term Trend: Bullish
On the 1-hour chart, price of Ripple is in a bullish market. Ripple price is making a series of higher highs and higher lows. A bullish trend line is drawn across the price of Ripple showing the support levels with pointed arrows where traders can place their long trades. The bullish trend is confirmed by the 20-day moving average and 50-day moving average which are trending northward.
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