Ripple Price Analysis – June 26


Ripple Price Analysis – June 26


  • The cryptoasset is ranging between $0.47 and $0.48. 
  • If the support level at $0.44 is broken, another support level at $0.24 will ensue.

Source: CryptoCompare

XRPUSD Medium-term Trend: Bullish

Supply Levels: $0.52, $0.53, $ 0.54

Demand levels: $0.50, $0.49, $0.48

Yesterday, June 25, the Ripple price was in a bearish trend. The weekly chart shows that the cryptoasset fell to $0.44 but made a pullback to $0.48. The implication of this action is that the support level of $0.44 is the main support level. If Ripple has another bearish breakout, the main support  level would be broken. In other words, there will be another support level at $0.24.

However, in a bullish breakout, the price will revisit the previous high. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars are above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing.

XRPUSD Short-term Trend: Ranging

Ripple, XRPUSD, CryptoCompare chartSource: CryptoCompare

The daily chart shows that the Ripple price is ranging between $0.47 and $0.48. The 20-day and 50-day moving averages are trending horizontally along with the price bars. Meanwhile, the relative strength index period 14 is level 48 which indicates that the price is in the range-bound zone.

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

Source link

Comments (No)

Leave a Reply

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.