Resistance Levels: $0.52, $0.53, $ 0.54
Support Levels: $0.43, $0.42, $0.41 Yesterday, July 17th, the price of Ripple was in a bullish trend. On July 10th, the cryptocurrency had fallen to the low of $0.44 and it was trading horizontally before the bulls took price to the high of $0.51.
The Ripple price is expected to rise because it is out of the range bond zone of the $0.48 and $0.42 price levels. And because of the results of other indicators.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In the same vein, the price of Ripple is above the 12-day EMA and the 26-day EMA which indicate that the bullish trend is continuing.
Nevertheless, the relative strength index period 14 is level 83 which indicate that the market is overbought suggesting bears to take control of the market. On the 1-hour chart, the price of Ripple is still in a bullish trend.
The price of Ripple is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. Read more from bitcoinexchangeguide.com…
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