XRP/USD Medium-term Trend: Bearish

Resistance Levels: $0.46, $0.47, $ 0.48
Support Levels: $0.44, $0.43, $0.42

Yesterday, July 10, the price of Ripple was in a bearish trend. The cryptocurrency was consolidating at a price of $0.47 before the bearish breakout. The Ripple price fell and closes at a price of $0.44 yesterday. Today, the price of Ripple is still in a downward trend.
Nevertheless, 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 above the price bars of Ripple which indicates that the bearish trend is continuing. Nevertheless, the relative strength index period 14 is level 29 which indicates that the market is oversold suggesting bulls to take control of the market.

On the 1-hour chart, the price of Ripple is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. In the shorter term trend, the 12-day EMA and the 26-day EMA are above the price bars of Ripple which indicates that the bearish trend is ongoing.

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

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