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Ripple XRP the third largest cryptocurrency by market capitalization is currently trading at $ 0.317205 at the time of writing this post according to Coinmarketcap. The 24h High is $ 0.373619 and the 24h Low is $ 0.31213.
Yesterday, August 17 was on a bullish move, but today it seems the bullish move is over while it is downhill.
Ripple Price Prediction and Technical Analysis
The 10-day exponential moving average is $ 0.32217 while the 20-day EMA is $ 0.35162 indicating that the bullish move has yet to be reached. How to see EMA data, suggests to sell.
But if we see the simple 10-day moving average ($ 0, 30574) indicating a purchase signal The 50-day EMA is $ 0.41722 which is also a sales signal.
The Relative Strength Index period 14 is level 40 which indicates that the price is in the neutral zone The MACD level (12, 27) is -0.03922 which is below the zero line
In the 1 hour chart, the 10 day and 20 day EMA are $ 0.32781 respectively and $ 0.33173, which indicates that the price is declining, even the MACD 12, 27 is below the zero line indicating a sales signal.
This article should not be considered or as an investment advice. Please conduct your research before investing in any cryptocurrency.
