XRP/USD Medium-term Trend: Ranging

Resistance Levels: $0.28, $0.29 $ 0.30
Support Levels: $0.23, $0.22, $0.21

Yesterday, August 16th, XRP price was in a bullish trend. The XRP price reached the high of $0.29. Today, the bullish trend is continuing and the price is approaching the high of $0.30. The price of the cryptocurrency is not likely to break the resistance level at $0.30. Rather, the price will still fluctuate between the levels of $0.30 and $0.25 in the interim.

Nevertheless, the XRP price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the Relative Strength Index period 14 is level 55 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the XRP price is in a sideways trend. The price is above the 12-day EMA and the 26-day EMA which indicates that the price of the digital currency is rising. The MACD line and the signal line are below the zero line which indicates a sell signal.

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

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