XRPUSD Medium-term Trend: Bullish
Supply Levels: $0.52, $0.53, $ 0.54
Demand levels: $0.50, $0.49, $0.48
Yesterday, June 14, Ripple was in a bullish trend. During the downward trend, its XRP asset depreciated to the low of $0.51. Thereafter, it rose to the high of $0.56 before the bears pulled back the price.
Presently, the asset is trading below and above the $0.55 price level. From the weekly chart, the MACD and the signal lines are above the zero line which indicates a buy signal for Ripple’s XRP. In addition, the token’s price is above the 12-day EMA and 26-day EMA which indicates that a bullish trend is ongoing. Traders are to look for buy setups at the support of $0.54 as the price fluctuates within those levels.
XRPUSD Short-term Trend: Bearish
On the daily chart, Ripple had a bullish movement from a low of $0.53 to a high of $0.56. At $0.56, the asset started falling to a low of $0.54. The MACD and the signal lines are below the zero line on the daily chart, which gives us a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of the asset which indicates that a bearish trend is ongoing,
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