XRP Price Analysis – 6 August


  Ripple chart, XRPUSD, CryptoCompare XRP chart of Trading View

Mid-term XRPUSD trend: Bearish

Offer levels: $ 0.43, $ 0.44, $ 0.45

Demand levels: $ 0.41, $ 0.40, $ 0.39

Last week the price of XRP was in lateral trend and was between the levels of $ 0.51 and $ 0.43. However, the support level at $ 0.43 was discontinued on three occasions and each time the price returned to the range range area. Today, the price of XRP has continued to decline. If the price of the XRP continues to fall, then it will find support for $ 0.37 or $ 0.32.

However, traders should expect a bullish breakout before long trading starts. However, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the XRP price is lower than the 12-day EMA and the 26-day EMA indicating that the downward pressure continues.

XRPUSD Short term trend: Bearish

 Ripple, XRPUSD, CryptoCompare chart [19659010] XRP chart for trading view </span> </span>
<p>  In the 4-hour chart, the XRP price is in a movement with a range of action, but has started a downward trend. The XRP price is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend is underway. However, the period relative to the Relative Resistance Index 14 is level 40 which indicates that the price is in the trend zone linked to the interval. </p>
<p>  <small> <em> The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research. </em></small></p>
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