XRP Price Medium-term Trend: Bearish
Supply levels: $0.46, $0.47, $ 0.48
Demand levels: $0.43, $0.42, $0.41
Last week the price of Ripple was in a downward trend. The XRP price fell from its recent high and later went into a range bound movement. 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 XRP price which indicate that the bearish pressure ongoing.
XRP Price Short-term Trend: Ranging
On the 4-hour chart, the XRP price is in a range bound movement. The 12-day EMA and 26-day EMA are trading horizontally with the price of XRP. Traders should refrain from entering a ranging market where the key levels of resistance and support not evenly apart. Meanwhile, the relative strength index period 14 is level 50 which indicates that price is in the range bound zone.
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