Ripple [XRP] Price Prediction, Technical Analysis – August 18

Ripple XRP the 3rd largest cryptocurrency by market capitalization is currently trading at $0.317205 at the time of writing this post as per Coinmarketcap. The 24h High is $0.373619 and 24h Low is $0.31213.

Yesterday on 17th of August it was on a bullish move but today it seems that the bullish move is over as it is on a downward move.

Ripple Price Prediction and Technical Analysis

The 10-day Exponential Moving Average is $0.32217 while 20-day EMA is $0.35162 which indicates that the bullish move is still to be achieved. As seeing the EMA data, it suggests selling.

But if we see at the 10-day simple moving average ($0.30574) which indicate a buy signal. The 50-day EMA is $0.41722 which is also a sell signal.

The Relative Strength Index period 14 is level 40 which indicates that the price is in the neutral zone. MACD Level (12, 27) is -0.03922 which is below the zero line.

On the 1 hour chart, the 10-day and 20-day EMA are $0.32781 and $0.33173 respectively which indicates that the price is decreasing. Also the MACD 12, 27 is below zero line which indicates a sell signal.

This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.