• Nevertheless, XRP price has reached the oversold region of the market and buyers are expected to emerge.
• The bulls have broken above the EMAs to reach the bullish trend zone. The XRP price is making a series of higher highs and higher lows.A trend line has been

XRP/USD Medium-term Trend: Bearish

• Resistance Levels: $ 0.44, $0.46, $ 0.48
• Support Levels: $0.31, $0.29, $0.27

Yesterday, July 16, XRP price fell to the low at $ 0.29. It is most likely the market will revisit its previous low of $0.27 and $0.28 price level. The crypto had been range-bound previously between the levels of $0.28 and $0.34 in this zone.

Nevertheless, XRP price has reached the oversold region of the market and buyers are expected to emerge. Therefore, traders should lookout to buy setups to initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. The bulls have broken above the EMAs to reach the bullish trend zone. The XRP price is making a series of higher highs and higher lows.A trend line has been drawn to determine the duration of the bullish trend. A bullish trend is ongoing if the trend line is unbroken.

A bullish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. If the bulls sustain the price above the EMAs, the crypto's price will rise. 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.