XRPUSD Medium-term Trend: Bullish
Supply levels: $0.52, $0.53, $ 0.54
Demand levels: $0.50, $0.49, $0.48
Yesterday, July 18th, the price of Ripple was in a bearish trend. The Ripple price reached the high of $0.51 and retraced to break the bullish trend line and a candlestick closed on the opposite of the trend line. The implication is that the bullish trend is over and we are expected to exit our long trades.
From every indication the price of Ripple is likely to be in a range bound movement. Meanwhile, the MACD line and the signal line are at par with the zero line which indicate a neutral signal. Also, the price of Ripple is above the 12-day EMA and the 26-day EMA which indicates that the bullish pressure ongoing.
XRPUSD Short-term Trend: Ranging
On the 4-hour chart, the Ripple price is in a range bound movement. The price of Ripplehas broken the trend line and it is moving on the opposite of the trend line. Price is likely to be range bound. Meanwhile, the relative strength index period 14 is level 54 which indicates that price is in the range bound trend zone.
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