In today’s Ripple price prediction, the XRPUSD pair is below the EMAs which is an indication that the price may still fall to the previous lows of $0.29 or $0.30.
Ripple (XRP) price has finally broken out of its tight range movement between the levels of $0.38 and $0.40. The price of XRP started ranging below the 12-day and the 26-day Exponential Moving Averages (EMAs) within the price range of $0.38 and $0.40.
On the downside, it was assumed that if the bears broke the $0.38 price level, Ripple price would revisit the previous lows of $0.32 and $0.34 price level. Today, July 12, the price Ripple has declined and it is approaching the $0.32 level. In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero lines, which is an indication of a buy signal.
Looking at the 1-hour chart, XRPUSD price is in a sideways trend. The XRP price is fluctuating between the highs of $0.39 and $0.41 levels. Today, XRP bulls pushed the price to a high of $0.40600 level, however, they were met with resistance. As a result, the price dropped and the bears broke the EMAs to a low at $0.39.
Today, XRPUSD price has dropped to a low at $0.32. The price is now below the EMAs which suggests that the price may still continue to decline further to the previous lows of $0.29 or $0.30. In the meantime, the MACD line and the signal line are below the zero lines, indicating a sell signal.
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