Ripple XRP Price Analysis

2018/12/14/ 09:39



XRP/USD Medium-term Trend: Ranging


Resistance Levels: $ 0.61, $0.63, $ 0.65

Support Levels: $0.29, $0.28, $0.26

Yesterday, December 13, the XRP price was in a bearish trend. The XRP price is ranging above the $0.30 price level. Similarly, the 12-day EMA and the 26-day EMA were horizontally flat along with the price bars. Yesterday, the bears broke the 12-day EMA, the 26-day EMA and fell to the low of $0.30 .

The $0.30 price level had been the support level since December 7. The support level had been tested on more than three occasions and had not been broken. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal .


XRP/USD Short-term Trend: Ranging


On the 1-hour chart, the price of XRP is in a bearish trend. At the $0.30 price level, the 12-day EMA and the 26-day EMA are horizontally flat indicating that price was ranging at that level. The bears broke the 12-day EMA, the 26-day EMA and fell to the low of $0.30.

Later the crypto commenced a range bound movement. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.




Article Source: Bitcoinexchangeguide
Disclaimer: Opinions expressed herein are those of the writer, they are not investment advice and do not necessarily reflect the views of CryptoIn-N-Out.