Read Сryptocurrency News



Ripple (XRP) Price Analysis – July 12



Ripple (XRP) Price Analysis – July 12
Ripple Chart by Trading View

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          



Ripple (XRP) Price Analysis – July 12
Ripple Chart by Trading View
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.



This article was automatically published by our aggregator and may not contain important advanced information, such as links, images, user tweets and much more. Also, we inform you that the project IntoCryptoNews (ICN Aggregator) - is not the author of this article and may not support the author's opinion of the original article. We strongly recommend that you read the original article on the site:

CryptoGlobe.com





TOP CRYPTO NEWS TODAY


Latest Video News