Ripple (XRP) Price Analysis – July 12
XRPUSD Medium-term Trend: Bearish
Supply Levels: $0.44, $0.45, $ 0.46
Demand levels: $0.42, $0.41, $0.40
The Ripple price is steadily depreciating and currently trading at $0.43. The digital currency has reached its lowest since the beginning of 2018 and it is likely to fall. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and 26-day EMA are above the price bars which indicates that the bearish pressure continues.
XRPUSD Short-term Trend: Bearish
The 4-hour chart shows that the Ripple price is still on the downward trend. The 12-day EMA and 26-day EMA are above the price bars which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 29 which indicates that the market is oversold, suggesting that the bulls will take control of the market.
The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.