XRP Price Medium-term Trend: Ranging
Supply levels: $0.38, $0.40, $ 0.42
Demand levels: $0.32, $0.30, $0.28
Yesterday, the XRPUSD pair was range bound between the levels of $0.36 and $0.30. Recently the cryptocurrency is not making any significant price movement. It fell to $0.32 and resumed its range bound movement.
The MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of XRP is neither below nor above the 12-day EMA and 26-day EMA which indicates that a sideways trend is ongoing. The market is horizontal and quiet as there is no price movement.
XRP Price Short-term Trend: Ranging
On the 4-hour chart, the XRP price is in a bearish trend. The XRP price is below the 12-day EMA and 26-day EMA which indicates that a bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 44 which indicates that price is in the sideways trend zone.
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