XRP Daily Price Forecast – August 16

2018-8-16 13:29

XRP/USD Medium-term Trend: Bullish

Resistance Levels: $0.28, $0.29 $ 0.30
Support Levels: $0.23, $0.22, $0.21

Yesterday, August 15th, XRP price was in a bullish trend. Price had earlier fallen to the low of $0.25 but the bulls took price to the high of $0.30. Today, the XRP price is falling from the previous high of $0.30. However, since August 11, the XRP price has been fluctuating between the levels of $0.30 and $0.25.

The XRP price is likely to fluctuate until when price breaks those levels. Nevertheless, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the Relative Strength Index period 14 is level 43 which indicates that price is in the sideways trend zone.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. In the lower time frame, the XRP price is now in a bullish trend from its sideways trend. Trading is not necessary because of the choppy price action.

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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Ripple (XRP) на Currencies.ru

$ 2.0944 (+0.27%)
Объем 24H $3.212b
Изменеия 24h: -3.59 %, 7d: -4.69 %
Cегодня L: $2.0803 - H: $2.1107
Капитализация $126.359b Rank 4
Цена в час новости $ 0.2898 (622.71%)

price xrp high bullish levels august trend

Источник: bitcoinexchangeguide.com

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