2018-12-24 09:45 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.38, $0.36, $0.34
Last week the XRP price was in a bullish trend. From its low at $0.29, it commenced a bullish movement to the high of $0.38. Today, the crypto’s price has reached a high of $0.43 but it was resisted at the $0.40 price level. On the Upside, if the price breaks the $0.40 price level the crypto’s price will reach the high of $0.55 price level.
Another uphill task is to overcome the $0.50 price level. One the downside, if the crypto fails to break the $0.40 price level, it will fall either to the lows of $0.35 or $0.33 price levels. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates 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.
XRP/USD Short-term Trend: BullishOn the 1-hour chart, the price of XRP is in a bullish trend. The crypto’s price reached the high of $0.43 but was resisted and it is approaching the low of $0.40. The stochastic indicator was previously in the overbought region but now below the 80% range which indicates that XRP price is in a bearish momentum and a sell signal.
Meanwhile, the crypto's price is below 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.
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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