$ 1,186.82 2.45%
$ 38.23 3.27%
$ 0.071816 4.13%
$ 5.10 5.92%
$ 20,784.00 1.68%
$ 234.47 0.28%

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.

Related News

Hot Stories

Chainlink price analysis: LINK value drops to $6.5 after a bearish slide
Cryptopolitan to host Vidma in upcoming Web3 Masterminds session
Bitcoin price analysis: BTC retests $21,500, swift drop to $20,000 incoming?
Eminem promotes a BAYC video alongside Snoop Dogg
Ossification of Bitcoin

Follow Us

Industry News

Nexo reacts to new Emblezzlement allegations and threatens legal action
Bear market 2022 hits crypto to its worst in historic records
Anonymous plans to bring Do Kwon to justice
Mastercard survey: 50% of Latin Americans use crypto
Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b