XRPUSD Medium-term Trend: Ranging
Supply Levels: $0.73, $0.72, $0.71
Demand levels: $0.67, $0.68, $0.69
Ripple Price Key Highlights:
- Ripple previous price level of $0.70.
- Price in a range bound movement.
- Technical indicator price analysis.
Ripple price was in a ranging market yesterday but RSI period 14 indicated that the market was oversold suggested bulls taking over the market. The bulls were to break the resistance level at $0.70 and push price further so that traders could place a long trade.
However, the bears took the price to as low as $0.63. The price is now in a range bound movement oscillating between the resistance at $0.70 and the support, the previous low at $0.55. Traders may not place any trades because of the uncertainties in a ranging market. Meanwhile, the RSI period 14 is level 44 which indicates that price is in the range bound zone.
XRPUSD Short-term Trend: Ranging
Yesterday, the price of Ripple was in a ranging market oscillating between $0.70 and $0.67. Today the bears took the price to as low as $0.63. From the daily chart, the price is fluctuating between the resistance at $0.67 and the support at $0.62. Meanwhile, the RSI period 14 is level 65 which indicates that price is in the bullish trend zone.
