XRPUSD Medium-term Trend: Ranging
Supply Levels: $0.73, $0.72, $0.71
Demand levels: $0.67, $0.68, $0.69
Today, Ripple is a range bound movement trading at $0.58. From the weekly chart, the price of Ripple had been fluctuating between the resistance at $0.70 and the support at $0.55 since last week Friday. The price is ranging horizontally which makes the resistance and support not evenly apart in terms of trading. Meanwhile, the RSI period 14 is level 54 which indicates that the price is in range bound zone.
XRPUSD Short-term Trend: Ranging
The daily chart shows Ripple in a ranging market. The price is oscillating between the resistance at $0.64 and support at $0.62. The price action is also choppy. That is price is not evenly apart between the resistance and support. Meanwhile, the RSI period 14 is level 26 which indicates that the market is oversold.
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