Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

XRP Price Medium-term Trend: Bearish

Supply levels: $0.46, $0.47, $ 0.48                                      

Demand levels: $0.43, $0.42, $0.41 

Yesterday, July 23rd, the price of Ripple was in a range bound movement. The cryptocurrency had been range bound since it fell to the low of $0.43. It has been fluctuating between the resistance level $0.51 and support level at $0.43. If Ripple price breaks the support level at $0.43, XRP price will fall to the low of $ 0.33. But if it breaks the resistance level at $0.51 price will rally at $0.60.

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 indicates that the bearish pressure ongoing.

XRP Price Short-term Trend: Ranging

Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

On the 4-hour chart, the Ripple price is in a range bound movement. The 12-day EMA and 26-day EMA  are trading horizontally with the price of Ripple. Meanwhile, the Relative Strength Index period 14 is level 53 which indicates that price is in the range bound zone.

                          

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