2018-12-19 10:01 |
Yesterday, December 18, the XRP price was in a bullish trend. The crypto’s price reached the high of $0.35 and price made a pullback. And it made another bullish movement as price approaches the high of $0.37. The XRP price is expected to reach the high of $0.40 but may resistance at that level.
However, the stochastic indicator is in the overbought region above the 80% range. This implies that 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.
XRP/USD Short-term Trend: BullishOn the 1-hour chart, the price of XRP is in a bullish trend. The crypto’s price was fluctuating above the $0.33 price level before the crypto had another bullish movement. At the lower time frame, the Stochastic is also in the overbought region indicating that the XRP has a strong bullish momentum.
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 buy 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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