XRPUSD Medium-term Trend: Bullish
Supply Levels: $0.52, $0.53, $ 0.54
Demand levels: $0.50, $0.49, $0.48
Yesterday, June 13, the Ripple price fell to $0.51 and the asset is still approaching the low registered in April, 2018. In today’s early hours, Ripple had a bullish movement which has since been truncated by the bears. The weekly chart shows that the Ripple price has broken the bearish trend line.
Technically, when the price breaks a trend line and the candlestick closes on the opposite of the trend line; it is assumed that the current trend is over. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, Ripple’s price bars is above the 12-day EMA and the 26-day EMA, which indicates that the bullish trend is ongoing.
XRPUSD Short-term Trend: Bearish
The daily chart shows that the Ripple price was making a bullish movement to $0.55 before they were resisted by the bears. On the chart, the MACD line and the signal line are below the zero line, indicating a sell signal. Also, the 12-day EMA and the 26-day EMA are above Ripple’s price bars, indicating that the bearish trend is ongoing.
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