Ripple Price Analysis – June 19

Azeez Mustapha
  • The price level of $0.50 is presumed to be the main support level for the  Ripple asset.
  • The relative strength index period 14 is level 60 indicates that price is in the bullish trend zone.

Ripple, XRPUSD, CryptoCompare chart

XRPUSD Medium-term Trend: Bullish

Supply Levels: $0.52, $0.53, $ 0.54

Demand levels: $0.50, $0.49, $0.48

The Ripple price is range bound between the levels of $0.55 and $0.50. And the price level of $0.50 is presumed to be the main support level for the bulls. The MACD line and signal are above the zero line indicating a buy signal. In addition, the price of the asset is above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.

XRP/USD Short-term Trend: Bullish

Ripple, XRPUSD, CryptoCompare chart

On the 1-hour chart, price of Ripple is in a bullish trend. The Ripple price rose from the low of $0.51 to the high of $0.56. The 20-day moving average and 50-day moving average confirm the bullish movement. Meanwhile, the relative strength index period 14 is level 60 indicates that price is in the bullish trend zone.

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