Ripple (XRP) Price Analysis – July 18

Azeez Mustapha
  • Ripple's XRP saw its price reverse at a low of $0.43 before the emergence of abullish trend.
  • A bullish trend line is attached to allow traders to initiate long trades.

Litecoin, LTCUSD, CryptoCompare chartRipple Chart by Trading View

XRPUSD Medium-term Trend: Bullish

Supply levels: $0.52, $0.53, $ 0.54                                     

Demand levels: $0.50, $0.49, $0.48 

Yesterday, July 17, the price of Ripple’s XRP was in a bullish trend. From the daily chart, the previous it saw was at $0.43. Similarly, XRP’s last bearish trend, before the emergence of a bullish one, was at that level. The cryptocurrency has since risen to a high of $0.51.

Meanwhile, the MACD and signal lines are on par with the zero line which indicates a neutral signal. The price of XRP is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing.

XRPUSD Short-term Trend: Bullish

Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

On the 4-hour chart, Ripple’s XRP is in a bullish trend. A bullish trend line is attached to allow traders to initiate long trades. You can trade all price retracements that test the trend line. In a lower time frame, the price of XRP is above the 12-day EMA and 26-day EMA which indicates that a bullish trend is ongoing. 

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