Ripple (XRP) Daily Price Forecast – June 20

XRP/USD Medium-term Trend: Ranging

Resistance Levels : $0.55 , $0.56, $ 0.57
Support Levels: $0.53, $0.52, $0.51

Yesterday, June 19, Ripple asset was in a sideways trend. Ripple asset traded and closed at a price of $0.53 as at yesterday. However, the MACD indicator indicated a neutral signal because price of the asset was neither above nor below the moving averages. Today, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, price of the asset is neither above nor below the 12-day EMA and the 26-day EMA indicating a neutral signal. Nevertheless, the relative strength index period 14 is level 45 indicates that price of the asset is in the range bound zone. The price of Ripple had been ranged bound between the levels of $0.50 and $0.55

XRP/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ripple is in a sideways trend. On the chart, the MACD line and signal line are neither above nor below the zero line indicating a neutral signal. Also, the price of the asset is neither above nor below the 12-day EMA and 26-day EMA indicating a neutral signal.

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