XRP/USD Medium-term Trend: Bullish
Resistance Levels: $0.48, $0.49, $ 0.50
Support Levels: $0.46, $0.45, $0.44
Yesterday, July 16, price of Ripple was in a sideways trend. The cryptocurrency was ranging at a price of $0.43 before the emergence of the bullish trend. The bulls have taken price to the high of $0.48 which was the previous high of Ripple. As price approaches the previous high of the Ripple, there is the tendency that the bears will resist price movement.
However, the MACD line and the signal line are above the zero line which indicates a buy signal. In the same vein, the price of Ripple is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 72 which indicates that price is in the bullish trend zone.
XRP/USD Short-term Trend: Bullish
On the 1-hour chart, the price of Ripple is still in a bullish trend. The price of Ripple is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
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