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XRP Price Analysis – August 31



XRP Price Analysis – August 31
XRP Chart by Trading View


XRP Price Medium-term Trend: Ranging



Supply levels: $0.38, $0.40, $ 0.42                                    

Demand levels: $0.32, $0.30, $0.28

Yesterday, the XRPUSD pair was range bound between the levels of $0.36 and $0.30. Recently the cryptocurrency is not making any significant price movement. It fell to $0.32 and resumed its range bound movement.

The MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of XRP is neither below nor above the 12-day EMA and 26-day EMA  which indicates that a sideways  trend is ongoing. The market is horizontal and quiet as there is no price movement.

XRP Price Short-term Trend: Ranging



XRP Price Analysis – August 31
XRP Chart by Trading View


On the 4-hour chart, the XRP price is in a bearish trend. The XRP price is below the 12-day EMA and 26-day EMA  which indicates that a bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 44 which indicates that price is in the sideways trend zone.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.                     



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