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Ripple $ XRP Price Outlook: Bearish – allcoinsnews.com

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28 December 2018 08:53 UTC

Action price

The price of $ XRP has fallen over twenty-four hours. The last price at the time of printing is .34242 USDT. In Binance's moderate to heavy volume trading, the daily change is -4.55%, or -0.01631 USDT:

$ Changing the XRP price
period % USDT
24 hours -4.55 -, 01631
7 days -3,28 -, 01163
1 month -12.69 -, 04978

news

Investing.com has a title "Asian stock exchanges are advancing after the recovery of Wall Street". There is little or no correlation between stock prices and the price of the crypt, based on a five-year chart comparison of stock and crypto movements.

Trend

the trend is DOWN

[Latendenzaè"down"quandoil[Trendis"down"whenthe[Latendenzaè”giù”quandoil[Trendis”down”whenthethree days price movement is predominantly downward.]

Depth of the market in real time

The depth of the market in real time is strongly bearish.

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]

Graphic

Tap / click to enlarge:

XRP-USDT-binance twenty-four-candles-2018-12-28

Remarks

Luckily, $ XRP danced on a slightly different track than the descending $ BTC. Ripple enjoyed a nine-day Christmas Rally that began on December 15th. From a minimum of 0.28050 on December 14th, the XRP rose to a maximum of 45,000 on December 23rd. So three days of descent, but not recover all the gain of the rally.

technicals

Moving Average Convergence Divergence (MACD)

The MACD on the four-hour chart is strongly bearish. There have been twenty consecutive four-hour sessions, most of which are strongly bearish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 days 0.34.536 thousand
25 days 0.35.92 thousand
99 days 0.35.185 thousand

The short-term EMA (7) on the four-hour chart is below the average EMA (25) and the long-term EMA (99) in that order, and points south . This is a bearish state.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Resistance Index in the chart at one hour is 43.6. This is a neutral state.

The RSI indicators at one, two, four, six, twelve hours and daily are all in the neutral zone.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin price modifier $ BTC

The 24-hour change in Bitcoin $ BTC is -4.39%. This can exercise a bearish influence on Ripple today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

Ripple $ XRP Price Outlook

bearish
  • the outlook of Ripple's XRP $ price is bearish
  • if the price finds acceptance at higher levels, the higher resistance is printed at .375
  • if the price finds acceptance at lower levels, the main support prints at .325

Resistance levels: .375 .360 .344

Support levels: .325 .328 .333

Invalidation: this perspective is no longer valid if the activity took place outside the resistance or support levels or outside the duration of short-term analysis.

Duration of analysis: twelve hours

This ratio is for a short duration of twelve hours. The analysis is time sensitive.

[Analysis duration is the “best before date”, calculated from report generation at December 28 2018 08:53 UTC.]

Independent comparison

Comparing our perspectives with independent and automated results from Investing.com:

Asset: Ripple $ XRP

Period: daily

Summary: strong sale

Moving averages: strong selling

Technical indicators: sell

Revelation

The author retains Ripple $ XRP at the time of writing.

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