XRP market under pressure ⋆ ZyCrypto

Medium-term trend XRP / USD: bearish

Resistance levels: $ 0.34, $ 0.35, $ ​​0.36

Support levels: $ 0.33, $ 0.32, $ 0.31

The XRP is bearish for the medium-term prospects. Bears stick to the XRP market as it can be seen on the chart that the candle is making the lowest lows. On December 4, the bulls attempted to push up the price of the XRP, but resisted with dynamic support and 21-day EMA resistance. Bears pushed the currency to break previous resistance levels of $ 0.35, $ ​​0.34 lower. The currency is currently facing the support level of $ 0.33.

The 50-day EMA remains above the 21-day EMA while the XRP price is trading below 21 days EMA with relative strength at 40 levels indicating that the downward trend may continue. In case the bears break the support level of $ 0.33, they will find their minimum at $ 0.32 – $ 0.31.

Short-term trend XRP / USD: bearish

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XRP / USD is bearish on the 1 hour chart. The coin continues its downward trend, even though the bulls have stopped many times to gain the upper hand on the bears, the bulls still prevailed. The cryptocurrency is lower than the 21-day EMA and the 50-day EMA with a relative strength index exceeding 40 levels that diminish the connotation of sales signals.

What is your thought on this ?, let us know in the comments section below.

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