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
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.
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