22 Global Fiat Currencies Paired with Ripple's XRP in Crypto Exchanges

XRP/USD Medium-term Trend: Ranging

Resistance Levels: $0.45, $0.46, $0.47
Support levels: $0.43, $0.42, $0.41

The XRP price is another cryptocurrency that is range bound. It fluctuates between the levels of $0.51 and $0.43. The XRP price was $0.46 at the beginning of the month but fell to the low of $0.42. From the low of $0.42, it rose to the high of $0.51. This was the movement of price to form the levels of $0.51 and $0.43. Other characteristics of XRP price is that it has been at the bottom of the range bound zone for over a month. It appears the bears overpowered the bulls. It will require more buyers to push price upward.

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 the bearish trend is continuing. Meanwhile, the Relative Strength index period 14 is level 42 which indicates that price is in the sideways trend zone.

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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