Ripple Price Medium-term Trend: Ranging
Supply levels: $0.46, $0.47, $ 0.48
Demand levels: $0.43, $0.42, $0.41
Yesterday, July 24th, the price of Ripple was range bound between the levels of $0.51 and $0.43. The cryptocurrency had not been fluctuating evenly between the range-bound levels. If traders had traded the previous low of $0.43, they would have made partial profits as the cryptocurrency made a bullish movement to the high of $0.46.
Traders should ensure that they trade the key levels of the range bound cryptocurrencies. 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.
Ripple Price Short-term Trend: Ranging
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 49 which indicates that price is in the range bound zone.
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