XRP/USD Long-term Trend: Bearish

Supply Zone: $0.36, $0.37, $0.38
Demand Zone: $0.34. $0.33, $0.32

The XRP price was also in a bearish trend in the month of August 2018. The cryptocurrency had an opening balance of $0.43 at the beginning of  August. The bears took price to the low of $0.26 which is about 39.53% price decrease  in the month of August. The cryptocurrency is now in a bullish trend currently trading at $0.35 as at the time of my writing

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal for the XRP price. In addition, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is likely to continue. Meanwhile, the Relative Strength Index period 14 is level 40 which indicates that the XRP price is in a sideways trend zone.

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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