Ripple XRP rising after falling prices

This week is the first bullish week for cryptocurrency as extremely bearish conditions have surpassed the market in mid-November.

While the XRP started the week up sharply from around $ 0.28 to above resistance at $ 0.35, XRP spent the rest of the week trading between $ 0.35 and $ 0.4.

From $ 0.39 to $ 0.4 is a resistance area for XRP, and after three tests, the price returned to $ 0.35 amid Friday market downturns.

Since then it has started to rise again, and momentum is once again strengthening with buyers, both with the MACD and with the growing RSI, both impulse measures.

The timetable provides a closer look at how the recent price action has been exchanged.

Although the price has dropped below $ 0.35 on several occasions, it has increased each time showing that this is an important level of support.

The price was also quickly reviewed on each area test from $ 0.39 to $ 0.4 which shows significant resistance arriving at this point.

The way in which price action develops from here probably depends on the general direction of the market.

While this week has been the first bullish week since extremely bearish conditions have surpassed the market, it is questionable whether these bullish increases can continue.

Some well-known figures in the world of cryptocurrencies predict that the fund is in danger of cryptocurrencies and it's all smooth from here.

I am calling the criptobottom of 2018. This fund is marked by an epic amount of fear, uncertainty and doubt on the part of our friends in the seals of the 4th and the crypto-fifth.

– Joseph Lubin (@ethereumJoseph) 21 December 2018

Key Takeaways:

• The XRP rises from below $ 0.3 to test $ 0.4 times more times this week as the market changes in bullish conditions.
• $ 0.35 and $ 0.39 to $ 0.4 are the key levels for monitoring price action.
• The momentum of the buyer increases with the increase of the daily MACD and of the RSI. It is likely that the future direction of XRP will depend more on the direction of the general market.

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