Ripple Specialist Says Ultimate Goal Is Real-Time XRP Payments in 3-5 Seconds Anywhere Around the World

XRP/USD Medium-term Trend: Ranging

Resistance Levels: $0.35, $0.36, $0.37
Support Levels: $0.30, $0.29, $0.28

Yesterday, August 9th, the XRP price was in a sideways trend. The Cryptocurrency had fallen from the high of $0.43 to the low $0.32 to resume its range bound movement. The XRP price is fluctuating horizontally between the levels of $0.32 and $0.33. Trades will be recommended when the price gets out of the range-bound levels.

However, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is continuing. Nevertheless, the Relative Strength Index period 14 is level 30 which indicates that the market is oversold suggesting bulls to take control of the market.

XRP/USD Short-term Trend: Ranging

On the 1-hour chart, the XRP price is in a sideways trend. The XRP price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

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

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