Ripple Price Analysis – June 20

  • The cryptoasset is range-bound both in the medium and the short-term trends.
  • The price fluctuates between $0.55 and $0.50.

Ripple, XRPUSD, CryptoCompare chart

XRPUSD Medium-term Trend: Ranging

Supply Levels: $0.52, $0.53, $ 0.54

Demand levels: $0.50, $0.49, $0.48

Yesterday, June 19, the Ripple price was in a range-bound movement but closed trading at $0.53. The cryptoasset fluctuates between $0.55 and $0.50. There are chances that the resistance level of $0.55 would be broken as the market is said to be oversold. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal.

In addition, the 12-day EMA and the 26-day EMA are above the asset price, indicating that the bearish trend is ongoing.

XRPUSD Short-term Trend: Ranging

Ripple, XRPUSD, CryptoCompare chart

The 1-hour chart shows that the Ripple price is in a range bound movement.The 20-day and the 50-day moving averages range along the price level of the cryptoasset. The price fell to $0.52 and is now ranging at $0.56. Meanwhile, the relative strength index period 14 is level 44 indicating that the Ripple price is in a range-bound zone.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.