- The XRP price is revisiting the previous lows of $0.28 and $0.34 price levels.
- Today the XRP price has fallen and it is approaching the $0.31 price level.
XRP/USD Medium-term Trend: Bearish
- Resistance Levels: $ 0.44, $0.46, $ 0.48
- Support Levels: $0.38, $0.36, $0.34
Last week XRP price had been in a bearish trend. It commenced a bearish trend on June 23 after the bulls were resisted for failing to sustain the price above the $0.46 resistance level. In the previous week, the crypto’s price began ranging below the 12-day EMA and the 26-day EMA within the price range of $0.38 and $0. 40. It was assumed that if the bears break the $0.38 price level, the XRP price will revisit the previous lows of $0.28 and $0.34 price level.
Today the XRP price has fallen and it is approaching the $0.31 price level. A trend line has been drawn to determine the duration of the bearish trend. A bearish trend is ongoing if the trend line is unbroken. A bearish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
XRP/USD Short-term Trend: Bearish
On the 1-hour chart, the XRP price is in a bearish trend. The 12-day EMA and the 26-day EMA are trending southward. The XRP price is below the EMAs which indicates that price is falling Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
XRP’s price is $0.31 XRP/USD exchange rate today. The real-time XRP market cap of $13.39 Billion currently ranks #3 with , daily trading volume of $594.35 Million and live coin value change of XRP -1.19 in the last 24 hours.
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