XRP Daily Price Forecast – November 27

2018-11-27 10:38

XRP/USD Medium-term Trend: Bearish

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

Yesterday, November 26, the price of XRP was in a bearish trend. On November 25, the bulls attempted to break the 12-day EMA and the 26-day EMA but were resisted. If the bulls had succeeded in breaking the EMAs, the price of XRP would have been in a bullish trend.

On November 26, the bulls were resisted by the 12-day EMA and price was in a downward trend. Today, 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: Ranging

On the 1-hour chart, the price of XRP is in a sideways trend. On November 26, the digital currency fell to the low of $0.35 and commenced a range bound movement. The 12-day EMA and the 26-day EMA are in a horizontal pattern indicating a sideways trend. As price is ranging, price also has reached the oversold region of the market suggesting bulls to take control of the market.

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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november xrp levels bulls ema trend bearish

Источник: bitcoinexchangeguide.com

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