Yesterday, December 17, the XRP price was in a bullish trend. The crypto’s price broke the resistance at $0.32 and it is approaching the price at $0.35. The bulls may be resisted again at the $0.35 price level. However, the stochastic indicator has reached the overbought region above the 80% range.

That is, the XRP price has a strong bullish momentum and a buy signal. The crypto is likely to continue its bullish movement. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal line.

On the 1-hour chart, the price of XRP is in a bullish trend. Yesterday, the 12-day EMA acted as a support as price made a bullish movement to the previous levels. The crypto is testing the resistance at the $0.35 price level.

If the bulls break the resistance at $0.35, the crypto will reach the previous levels of $0.45.and $0.50. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a sell signal

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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