Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bearish

Supply levels: $0.39, $0.40, $ 0.41                                     

Demand levels: $0.38, $0.37, $0.36  

The XRP price was in a bearish trend yesterday. The support level at $0.43 was broken, pushing it out of th range-bound zone. \The bears took the XRP price to the low of $0.34 – a price it had not recorded since the beginning of the year.

There will be no recommendation, however for long trades until the end of bearish pressure. From the daily chart, the MACD line and the signal line are below the zero line which indicates a sell signal.  Also, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that the bearish pressure is continuing.

XRPUSD Short-term Trend: Bearish

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

On the 4-hour chart, the XRP price is in a downward trend. If the downward trend continues the support levels would be breached.

                                                                                                                                                                                        

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.