2018-12-26 11:05 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.39, $0.37, $0.25
Yesterday, December 25, the XRP price was in a bearish trend. On December 25, after the crypto’s price fell to the low of $0.37, it commenced a range bound movement above the $0.37 price level. The crypto’s price is attempting to break the 12-day EMA and the 26-day EMA to the upside. Nevertheless, if the bulls sustain a price above the $0.35 price level and make a bullish movement, the crypto will reach the highs of $0.40 and $0.45.
On the other hand, if the bears break the $0.35 price level, the crypto will find support at either $0.33 or $0.29 price level. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates an sell signal.
XRP/USD Short-term Trend: RangingOn the 1-hour chart, the price of XRP is in a sideways trend. On December 26, the crypto’s price reached the high of $0.40, and it was resisted. The crypto’s price is now retracing and may probably break the 12-day EMA and the 26-day EMA to the downside.
If it does the price will be in the bearish trend zone, and the crypto may continue its downward trend. On the other hand, if the bulls sustain hold above the EMAs, the crypto is likely to rise.
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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