Ripple (XRPUSD) Rangéiert bannent $ 0.35

Bears dominte XRPUSD market

Den Ofbau vun der Resistenzniveau vun $ 0.35 vun de Bulls wäert den XRPUSD rally towards $0.36 price level. In case the Bears break down the support level of $0.33, it may decrease the price to $0.32.

XRPUSD Price Analysis – August 24

Schlëssel Niveauen:

Versuergungsniveauen: $ 0.35, $ 0.36, $ 0.37

Nofro Niveauen: $ 0.33, $ 0.32, $ 0.30

XRP/USD Price Medium-term Trend: bearish

On the medium-term outlook, XRPUSD is bearish. The coin was bullish last week, the bullish momentum placed the XRP price at the resistance level of $0.37 on August 17. The Bulls’ momentum became weak and could not break up the supply level of $0.29. The Bulls attempted to push up the Ripple but it was resisted by the bears’ pressure. The coin commenced a bearish trend that reduces the price to support level of $0.33.

Ripple has crossed the two EMAs downside meaning that it is trading below the 9 periods EMA and 21 periods EMA. The price is closer to the EMAs which is parallel horizontally to the $0.31 price level to indicate that XRP price is on the ranging mode. The Relative Strength Index period 14 is at 39 levels with the signal lines bending down which connotes sell signal. Breakout is imminent in the Ripple market; the breakup of the resistance level of $0.35 by the Bulls will make the coin rally towards $0.36 price level. In case the Bears break down the support level of $0.33, it may decrease the price to $0.32.

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XRP/USD Price short-term Trend: Bearish, the outlook on Tamadoge is bullish

On the short-term outlook, XRPUSD is bearish. The Bears exerted more pressure on the $0.36 level (the level where it was consolidating a few days ago) and broke down the level. The price declined to the demand level of $0.34 where consolidation is ongoing at the moment.

 

XRP Präis handelt ronderëm d'21 Perioden EMA an 9 Perioden EMA wat eng variéiert Bewegung am XRP Maart weist. De relativen Stäerkt Index Period 14 ass op 48 Niveauen mat de Signallinnen déi erop weisen fir e Kafsignal unzeginn.

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Source: https://insidebitcoins.com/news/xrpusd-is-ranging-within-0-35-0-33-level-the-outlook-on-tamadoge-is-bullish