2018-11-22 09:38 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.46, $0.44, $0.42
Yesterday, November 21, the price of XRP was in a bullish trend. On November 21, the crypto's price fell to the low of $0.42 and commenced a bullish movement towards the exponential moving averages.
A bullish candlestick is now testing the 12-day EMA and probably will break through to the 26-day EMA. 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. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal.
XRP/USD Short-term Trend: BullishOn the 1-hour chart, the price of XRP is in a bullish trend. On November 21, the crypto's price fell to the low of $0.44 and commenced a bullish movement above the 12-day EMA and the 26-day EMA. The digital currency is out of the bearish trend zone. The XRP price is above the exponential moving averages indicating that price is likely to rise. Traders are to look out for buy setups so as to initiate long trades in anticipation of a bullish trend.
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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