Ripple, LTCUSD, CryptoCompare chartRipple Chart by Trading View

XRPUSD Medium-term Trend: Bearish

Supply levels: $0.47, $0.48, $ 0.49                                     

Demand levels: $0.45, $0.44, $0.43  

Last week, the price of Ripple was in a downward trend. The Ripple price fell from the high of $0.48 to the low of $0.43. The price of $0.43 was the previous low of June 29, where price reversed and we had a bullish trend.

As the bullish trend progresses price is expected to reach the highs of $0.50 and $0.56. From the daily chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and  the 26-day EMA are above the price bars of Ripple which indicates that the bearish pressure is continuing.

XRPUSD Short-term Trend: Bearish 

Ripple, LTCUSD, CryptoCompare chartRipple Chart by Trading View

On the 4-hour chart, the Ripple price is in a bullish trend. The price of Ripple is above the 12-day EMA and  the 26-day which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 70 which indicates that the price of Ripple is in the bullish trend zone.         

 

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