Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

XRPUSD Medium-term Trend: Bearish

Supply levels: $0.46, $0.47, $ 0.48                                      

Demand levels: $0.43, $0.42, $0.41 

Yesterday, July 19th, the price of Ripple was in a bearish trend. After XRP price had a bullish movement of price to the high of  $0.51, the bears took control of price and brought it to the low of $0.45. There are indications that the XRP price will revisit the previous low of $0.43. However, if the XRP price revisits the previous low at  $0.43, traders should look out for a buy setups and initiate long trades.

 Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and 26-day EMA are above the price of Ripple which indicate that the bearish pressure ongoing.

XRPUSD Short-term Trend: Bearish

Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

On the 4-hour chart, the Ripple price is in a bearish trend. The price of Ripple has broken the trend line and price is approaching the previous low of the cryptocurrency. Meanwhile, the relative strength index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market. This implies that we exit out short trades and wait for another selling opportunity.

                                                                                                                                                                                           

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