XRP/USD Medium-term Trend: Bullish
Resistance Levels : $0.50 , $0.51, $ 0.52
Support Levels: $0.48, $0.47, $0.46
Yesterday, July 2, price of Ripple is in a sideways trend. Today, the cryptoasset is in a bullish movement. The cryptoasset had a bullish movement at the price of $ 0.45. A bullish trend line is drawn showing the support levels of price where traders can initiate long trades. A long trade should be initiated if price retraces from the recent high and touches the trend line.
Then a stop loss should be placed below the trend line.Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 75 which indicates that the market is overbought suggesting bears to take control of the market.
XRP/USD Short-term Trend: Bullish
On the 1-hour chart, the price of Ripple is in a bullish trend. The price bars of Ripple is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing.
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