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 Price Technical Prediction
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.
XRPUSD Price Short-term Prediction
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.
- Resistance Levels: $ 0.44, $0.46, $ 0.48
- Support Levels: $0.30, $0.28, $0.34
Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The Information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.