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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


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.


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.]


Tap / click to enlarge:

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


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.


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

  • 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


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

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