微信截图_20230713101223.png

XRP Price Action

At the time of writing, XRP was up 0.11% to $0.4714. A range-bound start to the day saw XRP fall to an early low of $0.4708 before rising to a high of $0.4720.

Daily Chart

The Daily Chart showed XRP/USD sitting below the 50-day EMA ($0.4813) while holding above the 200-day EMA ($0.4580), sending near-term bearish but bullish longer-term signals.

Notably, the 50-day EMA narrowed to the 200-day EMA and reflected bearish momentum over the near term.

Despite the bearish Wednesday session, XRP/USD avoided the upper level of the $0.4675 – $0.4615 support band to keep the 50-day EMA ($0.4813) in view. A move through the 50-day EMA would give the bulls a run at the lower level of the $0.4925 – $0.5000 resistance band.

However, failure to move through the 50-day EMA would leave the $0.4675 – $0.4615 support band and the 200-day EMA ($0.4580) in view.

Looking at the 14-Daily RSI, the 45.18 reading signaled a bearish trend, aligned with the 50-day EMA and supporting a fall through the $0.4675 – $0.4615 support band to test the 200-day EMA ($0.4580).

Trade

Market

Market Analysis

Trading Tutorial