Ripple (XRP) Price Analysis – July 13

Azeez Mustapha
  • The 12-day EMA and the 26-day EMA are above the price which indicates that a bearish pressure is ongoing.

    On the 4-hour chart, the XRP is still on a downward trend.

Ripple, LTCUSD, CryptoCompare chartRipple Chart by Trading View

XRPUSD Medium-term Trend: Bearish

Supply Levels: $0.45, $0.46, $ 0.47                                     

Demand levels: $0.42, $0.41, $0.40   

Yesterday, July 12, Ripple’s XRP was in a downward trend. In a downtrend, if a digital currency retraces, a resistance level will be created and it is likely going to depreciate further. Moreover, the 12-day EMA and the 26-day EMA are above the price which indicates that a bearish pressure is ongoing.

The MACD and the signal lines are below the zero line which indicates a sell signal.

XRPUSD Short-term Trend: Bearish  

Ripple, LTCUSD, CryptoCompare chartRipple Chart by Trading View

On the 4-hour chart, the XRP is still on a downward trend. Nevertheless, the relative strength index period 14 is level 39 which indicates that the market is oversold, suggesting bulls may take control of the market.  

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