Ripple (XRP) Daily Price Forecast – July 20

cryptocurrency-event-2018

XRP/USD Medium-term Trend: Bearish

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

Yesterday, July 19th, the price of Ripple was in a bearish trend. The price of the cryptocurrency made a pullback to the low of $0.47. The Ripple price is still falling and approaching the low before the emergence of the bullish trend. The Ripple price is now in the range bound zone of $0.48 and $ 0.42.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In the same vein,  the 12-day EMA and the 26-day EMA is above the price of Ripple which indicate that the bearish trend is continuing. Nevertheless, the relative strength index period 14 is level 44 which indicates that price is in the range bound trend zone.

XRP/USD Short-term Trend: Bearish

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

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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