Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.30, $0.28, $0.26

Last week the XRP price was in a sideways trend. On November 28, the bulls had an upper hand as the price reached the high of $ 0.39. However, on December 1, the bears brought the price to its low at $0.36; then there was a pullback above the 12-day EMA and the 26-day EMA.

Presently, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. If the digital currency falls at this point in time, the crypto will find support at $0.28. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line.

On the 1-hour chart, the price of XRP is in a bearish trend. The crypto's price is also below the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are below the zero line which indicates a sell signal. If the digital currency did fall to its previous low of $0.28, traders should initiate long trades in anticipation of long trades.

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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