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
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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