Ripple Price Analysis – June 19

XRPUSD Medium-term Trend: Bullish

Supply Levels: $0.52, $0.53, $ 0.54

Demand levels: $0.50, $0.49, $0.48

The Ripple price is range bound between the levels of $0.55 and $0.50. And the price level of $0.50 is presumed to be the main support level for the bulls. The MACD line and signal are above the zero line indicating a buy signal. In addition, the price of the asset is above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.

XRP/USD Short-term Trend: Bullish

Ripple, XRPUSD, CryptoCompare chart

On the 1-hour chart, price of Ripple is in a bullish trend. The Ripple price rose from the low of $0.51 to the high of $0.56. The 20-day moving average and 50-day moving average confirm the bullish movement. Meanwhile, the relative strength index period 14 is level 60 indicates that price is in the bullish trend zone.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.