Ripple

Ripple (XRP) Daily Price Forecast – July 27

Ripple (XRP) Daily Price Forecast – July 27 XRP/USD Medium-term Trend: Ranging

Resistance Levels: $0.47, $0.48, $ 0.49 Support Levels: $0.44, $0.43, $0.42

XRPUSDH4-daily-Chart-1024x391.png

Yesterday, July 25th, the price of Ripple was range bound between the levels of $0.48 and $0.43.The Ripple price is still trading horizontally at a price of $0.46 which makes it difficult to place any trade. As a trader, place your trades when the digital asset fluctuates and tests the key levels of the range bound zone. However, when the market is quiet and flat you suspend trading but you can trade when the market is loud.

Nevertheless, the price of Ripple is above the 12-day EMA and the 26-day EMA which indicates that Ripple price is rising. Also, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral signal. Nevertheless, the relative strength index period 14 is level 54 which indicates that price is a sideways trend.

XRP/USD Short-term Trend: Ranging

XRPUSDH1-daily-chart-1-1024x391.png

On the 1-hour chart, the price of Ripple is in a sideways  trend. The MACD line and the signal line are above the zero line which indicates a buy signal. In the same vein, the price of Ripple is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing.

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