Daily forecast of XRP prices – 6 August

  22 global Fiat currencies combined with Ripple's XRP in cryptographic exchanges
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XRP / USD medium-term trend: interval

resistance levels: $ 0.44, $ 0, 45, $ 0.46
Support levels: $ 0.42, $ 0.41, $ 0.40

Last week the price of XRP had fluctuated on a lateral trend oscillating between levels of $ 0.51 and $ 0.43. The cryptocurrency has been extended to the lower interval of the coverage area over the last two weeks. The price of the XRP had broken the support level to $ 0.43 on three occasions and withdrew on every occasion in the limit zone.

Today, cryptocurrency is still in a sideways trend and would require more buyers to push the price upwards. However, the MACD line and the signal line are below the zero line indicating a sales signal. Similarly, XRP price bars are neither lower nor higher than the 12-day EMA and 26-day EMA, indicating that a continued sideways trend. However, the relative strength index period 14 is level 43 which indicates that the price is in the lateral trend zone.

XRP / USD short-term trend: bullish

In the 1-hour chart, the price of XRP started a bullish trend. The XRP price is higher than the 12-day EMA and the 26-day EMA indicates that the cryptocurrency is increasing. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.

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

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