XRP Daily Price Forecast – December 10

2018-12-10 10:57

XRP/USD Medium-term Trend: Bearish Resistance Levels: $ 0.61, $0.63, $ 0.65 Support Levels: $0.30, $0.28, $0.26

Last week the XRP price was in a bearish trend. On December 7, the crypto's price fell to the low of $0.29 and commenced a range bound movement towards the EMAs but could not break the 12-day EMA and the 26-day EMA. On December 8, the crypto’s price was resisted and it fell to a range bound movement.

On December 9, the crypto’s price was resisted by the 26-day EMA and it fell to a downward trend. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the price of XRP is in a bearish trend. On December 7, the crypto's price fell to the low of $0.29 and commenced a range bound movement. The crypto’s price was fluctuating above and below the EMAs but the price is below the EMAs.

Meanwhile, the stochastic indicator is above the 20% range. This implies that the XRP price has a bullish momentum and a buy signal. If the crypto’s price falls and finds support at the $0.24 price level, traders should initiate long trades in anticipation of a bullish trend

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Ripple (XRP) на Currencies.ru

$ 2.182 (+0.08%)
Объем 24H $4.042b
Изменеия 24h: -4.53 %, 7d: 18.57 %
Cегодня L: $2.1724 - H: $2.182
Капитализация $132.398b Rank 4
Цена в час новости $ 0.3078 (608.9%)

xrp price levels december bearish trend commenced

Источник: bitcoinexchangeguide.com

xrp price → Результатов: 126


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XRP is at the center of the institutional flows, leading the crypto market in streaks of capital inflows even as its price is locked around $2. Recent data shows that money is still entering into Spot XRP ETF products, but despite this steady demand and a clear shift toward bullish sentiment across social platforms, XRP’s spot price has struggled to break higher, and this raises questions as to why inflows and price action appear out of sync.

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