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Medium-term trend XRP / USD: bearish
Resistance levels: $ 0.61, $ 0.63, $ 0.65
Support levels: $ 0.30, $ 0.28, $ 0.26
Last week the price of XRP was in a lateral trend. On November 28th the bulls had the upper hand when the price reached the maximum of $ 0.39. However, on December 1, the bears brought the price to its minimum at $ 0.36; then there was a pullback over the 12-day EMA and the 26-day EMA.
Currently, the price of the crypto is lower than the 12-day EMA and the 26-day EMA indicates that the price is likely to decline. If the digital currency falls at this point in time, the cryptography will find support for $ 0.28. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal line.
Short-term trend XRP / USD: bearish
In the 1 hour chart, the price of XRP is in a downward trend. The price of the crypto is also lower than the 12-day EMA and the 26-day EMA indicates that the price is likely to increase. The MACD line and the signal line are below the zero line indicating a sales signal. If the digital currency had fallen to its previous low of $ 0.28, traders would have to start long exchanges in anticipation of long trade.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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