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Ripple (XRP) Price Analysis – July 9



Ripple (XRP) Price Analysis – July 9
Ripple Chart by TradingView

XRPUSD Medium-term Trend: Bearish



Supply Levels: $0.48, $0.49, $ 0.50

Demand levels: $0.46, $0.45, $0.44

Last week price of Ripple was in a range bound trend. Today, the cryptocurrency is still in a range bound movement between the levels of $0.52 and $0.44. However, in the medium term trend, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 26-day EMA and 12-day EMA are above the price bars of Ripple which indicates that the bearish trend is ongoing.

XRPUSD Short-term Trend: Ranging



Ripple (XRP) Price Analysis – July 9
Ripple Chart by TradingView
On the 4-hour chart, price of Ripple is still in a range bound movement. The 12-day EMA and 26-day EMA are neither above nor below the price bars of Ripple which indicates that the market is in a range bound movement. The market has a choppy price action, which makes it hard to trade so patience is advised until a trend is established. Meanwhile, relative strength index period 14 is level 47 which indicates that price of Ripple is in the range bound trend zone.

 

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