XRP Price Prediction: Long-term (XRP) Value Forecast – July 6

XRP Price Prediction: Long-term (XRP) Value Forecast – July 6

Sunday, July 7, 2019, 1:56 AM
  • On June 22, the bulls broke the $0.46 overhead resistance and reach a high of $0.51 price level.
  • On the upside, if the bulls break above the EMAs, the XRP price will rise to retest the $0.46 resistance level.

XRP /USD Price Long-term Trend: Ranging

  • Supply levels: $0.46, $0.48, $ 0.50
  • Demand levels: $0.40, $0.38, $0.36

On May 15, the XRP market reached the $0.46 overhead resistance level. The bulls had been trading below the overhead resistance. On May 15 and 28, the bulls tested the overhead resistance. When the bulls tested the overhead resistance, the price would fall either to the support of 12-day EMA or 26-day EMA.

At other times price would find support at a low of $0.38 or $0.40 price level. However, on June 22, the bulls broke the $0.46 overhead resistance and reach a high of $0.51 price level. Nevertheless, the bulls could not sustained the price above the overhead resistance.

On June 23, the bulls were resisted and the XRP had a downward correction to a low at the $0.40 price level. The crypto’s price is now below the EMAs. On the upside, if the bulls break above the EMAs, the XRP price will rise to retest the $0.46 resistance level. On the downside, if the bulls fail to break the EMAs, the XRP price may continue its range bound move. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

XRP’s price is $0.40 XRP/USD exchange rate today. The real-time XRP market cap of $16.96 Billion currently ranks #3 with , daily trading volume of $540.67 Million and live coin value change of XRP 2.29% in the last 24 hours.

Source. bitcoinexchangeguide.

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