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Ripple price analysis 19 June 2019; XRP price will be $0.425

ripple price analysis 19 june

The XRP/USD medium-term trend is bullish, the supply levels are found to be $0.46, $0.49, $0.54 and the demand ranges are $0.42, $0.39, and $0.35.

Last week’s analysis revealed that the coin faced the bearish trends and was trading at $0.39. The bulls exerted pressure and the coin surged to $0.42 and is currently trading at this level. A Doji candle was formed followed by the strong bullish pattern.

Ripple price analysis 19 June 2019; XRP price will be $0.425 1

The bullish trends prevail but if somehow the bearish trends become strong enough to undermine the bullish pattern the price will be depreciated to $0.39.

The price is trading between 21 periods EMA and 50 periods EMA. The Stochastic Oscillator indicates sell signal and the period 14 is above 20 levels.

The XRP/USD short-term trend is bearish. The last week price analysis of 1-hourly chart was consolidating between $0.39 and $0.42. After that, the bulls exerted pressure and the price of the coin surged and surpassed the resistance level of $ 0.42 to $0.46 level.

Ripple price analysis 19 June 2019; XRP price will be $0.425 2

The bears started exerting more pressure at this level and prevented a further increase in the price. The evening star pattern was seen on the chart or a bearish reversal candle was evident. XRP price traded between two EMAs and was seen depreciated to the $0.42 level.

If the Stochastic Oscillator period 14 is at the levels 50 the price can be easily reversed at the demand level of $0.42. The signal lines are pointing towards a buying signal.

If the current prices continue, Ripple is still going to be in benefit given that the currency is already trading on a good high from the last three months.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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