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XRP chart of Trading View
Mid-term XRPUSD trend: Bearish
Offer levels: $ 0.43, $ 0.44, $ 0.45
Demand levels: $ 0.41, $ 0.40, $ 0.39
Last week the price of XRP was in lateral trend and was between the levels of $ 0.51 and $ 0.43. However, the support level at $ 0.43 was discontinued on three occasions and each time the price returned to the range range area. Today, the price of XRP has continued to decline. If the price of the XRP continues to fall, then it will find support for $ 0.37 or $ 0.32.
However, traders should expect a bullish breakout before long trading starts. However, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the XRP price is lower than the 12-day EMA and the 26-day EMA indicating that the downward pressure continues.
XRPUSD Short term trend: Bearish
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