XRP/USD Long-term Trend: Bearish

Resistance Levels: $0.47, $0.48, $0.49
Support levels: $0.45, $0.46, $0.46

The XRP/USD pair was also in the downward trend since April 22, 2018, at a price of $0.88. The cryptocurrency was not in a smooth downward trend because the asset fell to the low of $0.52, later traded in a sideways trend between the levels of $0.52 and $0.44. However, this implies that if the digital currency breaks the support level at $0.44, the price of Ripple will find the support at $0.24. Nevertheless, if Ripple price breaks the resistance level at $0.52, the price will rise to the highs of $0.66 and $0.70.

However, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the 12-day EMA and the 26-day EMA are above the price bars of Ripple which indicates that the bearish trend is continuing.

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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