Ripple (XRP) Daily Price Forecast – July 31st

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XRP / USD Mid-term trend: Range

Resistance levels: $ 0.46, $ 0.45, $ 0.44
Support levels: $ 0.44, $ 0.43, $ 0.42

Yesterday, July 30, the XRP price was in a sideways trend.But, the bears pushed the price down to the bottom of the range range.The XRPUSD pair does not have enough buyers to push the price XRP at the resistance level of the range range. Meanwhile, the XRP price will continue its lateral trend.

However, the XRP price is lower than the 12 day EMA and the 26-day EMA that indicates that there is a bearish trend, and the MACD line and the signal line are below the ze line ro indicating a sell signal However, the relative strength index period 14 is level 32 which indicates that the market is oversold which suggests the bulls take control of the market.

XRP / USD Short-Term Trend: Bearish

In the 1 hour chart, the XRP price is in a trend side. The MACD line and the signal line are below the zero line indicating a sales signal. Similarly, the XRP price is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend is underway.

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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