Ripple Price Medium-term Trend: Ranging
Supply levels: $0.47, $0.48, $ 0.49
Demand levels: $0.44, $0.43, $0.42
Yesterday, July 25th, the XRP price was range bound at a price of $0.45. The cryptocurrency fell to the low of $0.43 on July 21st, to begin its range bound movement. Both buyers and sellers have shown no interest in the price of Ripple. If there are no buyers to push price upwards, then the selling pressure will continue and which will bring the price of Ripple to the low of $0.33.
Traders should look out for buy setups if Ripple price falls again. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are neither above nor below the price of Ripple which indicates that price is in the range bound zone.
Ripple Price Short-term Trend: Ranging
On the 4-hour chart, the Ripple price is also range bound between the levels of $0.51 and $0.43. The 12-day EMA and 26-day EMA are neither above nor below the price of Ripple which indicates that price is in the range bound zone. Meanwhile, the Relative Strength Index period 14 is level 49 which indicates that price is in the range bound zone.
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