Ripple (XRP) Price Analysis – July 26

Ripple Chart by Trading View

Ripple Price Medium-term Trend: Ranging

Supply levels: $0.47, $0.48, $ 0.49

Demand levels: $0.44, $0.43, $0.42

Yesterday, July 25th, the XRP price was range bound at a price of $0.45. The cryptocurrency fell to the low of $0.43 on July 21st, to begin its range bound movement. Both buyers and sellers have shown no interest in the price of Ripple. If there are no buyers to push price upwards, then the selling pressure will continue and which will bring the price of Ripple to the low of $0.33.

Traders should  look out for buy setups if Ripple price falls again. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.  Also, the 12-day EMA and the 26-day EMA  are neither above nor below the price of Ripple which indicates that price is in the range bound zone.

Ripple Price Short-term Trend: Ranging

Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

On the 4-hour chart, the Ripple price is also range bound between the levels of $0.51 and $0.43. The 12-day EMA and 26-day EMA  are neither above nor below the price of Ripple which indicates that price is in the range bound  zone. Meanwhile, the Relative Strength Index period 14 is level 49  which indicates that price is in the range bound zone.

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