Ripple (XRP)

XRP Price Prediction: Long-term (XRP) Value Forecast – July 27

Azeez Mustapha
July 28, 2019

The XRP price was depreciated by 23 % of its capitalization in July 2019.
On the downside, if the price continues its fall, it may reach the previous low of $0.28 and $0.29 price level.

XRP /USD Price Long-term Trend: Bearish

Supply levels: $0.34, $0.36, $ 0.38
Demand levels: $0.30, $0.28, $0.26

The XRP/USD pair was in a bearish trend in July 2019. On June 22, the pair reached a high of $0.51 but were resisted. On July 1, the XRP price has an opening balance of $0.39 and a closing balance of $0.30 as of July 27, 2019. The XRP price was depreciated by 23 % of its capitalization in July 2019.

On June 22, the bulls were resisted at the $0.51 price level. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $0.29 price level. On July 17, the bulls made an upward move to break above the EMAs but were resisted. On the downside, if the price continues its fall, it may reach the previous low of $0.28 and $0.29 price level.

On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $0.40 and $0.46 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

XRP’s price is $0.25 XRP/USD exchange rate today. The real-time XRP market cap of $10.67 Billion currently ranks #4 with , daily trading volume of $186.84 Million and live coin value change of XRP 2.46 in the last 24 hours.

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

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.