Ripple, XRPUSD, CryptoCompare chart

XRPUSD Medium-term Trend: Bullish

Supply Levels:  $1.00, $0.98, $0.96                                           

Demand levels: $0.88, $0.90, $0.92          

Yesterday, XRPUSD pair was in a sideways market trading at $0.98.The sideways market is not a ranging market which makes the price to fluctuate and decline. However, today the pair is in a bullish market trading at $0.93. On the daily chart, we have an uptrend with a price at the recent high of $0.98. At that recent high the price retraced to a low of $0.92 and resumes its uptrend.

Traders can profit from the uptrend in the following ways. First recognize that you are in an uptrend. An uptrend is when prices make a series of higher highs (HH) and higher lows (HL). Secondly, in an uptrend the market will always retrace back to the previous swing point and then bounce higher to resume the uptrend. These are swing points to lookout for to place your long trades.

Thirdly, you can follow the familiar logic of buying low and selling high. However, the 50-day moving average and 20-day moving average are trending northward.

XRPUSD Short-term Trend: Bearish

Ripple, XRPUSD, CryptoCompare chart

In the short term trend, XRPUSD pair is bearish. In a downtrend the market will always retrace back to the previous swing point and then bounce lower to resume the downtrend.Traders to short at the previous swing point .The RSI period 14 is level 16 which indicates that the market is oversold suggesting bulls taking over the market