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.
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