khareem sudlow
Jun 22, 20191 min
Consolidation is ongoing in the XRP market;
there may be a bullish breakout;
ranging movement may continue in case the Bears defend $0.46 level.
Supply levels: $0.46, $0.49, $0.54
Demand levels: $0.42, $0.39, $0.35
The 21 periods EMA and 50 periods EMA are flat horizontally at $0.42 area and the coin is trading over and around the two EMAs. Nevertheless, the Stochastic Oscillator period 14 is at 60 levels with the signal lines pointing up which indicate buy signal.
There is a tendency for XRP price to increase towards $0.49 supply level provided the Bulls gain enough momentum to break up the $0.46 supply level. On the other hand, in case the Bears continue to defend the $0.46 level consolidation may continue.
The crypto is hovering over the 21 periods EMA and 50 periods EMA and the two EMAs are interlocked to each other which indicate that consolidation is ongoing in the XRP market.
XRP Price Analysis: XRP/USD Ranging Within $0.42-$0.46 Level, Expecting a Breakout
via https://www.ohnocrypto.com Azeez Mustapha, Khareem Sudlow