XRP Daily Price Forecast – September 7

2018-9-7 09:53

XRP/USD Medium-term Trend: Bearish

Resistance Levels: $0.32, $0.34, $ 0.36
Support Levels: $0.28, $0.26, $0.24

Yesterday, September 6, XRP price was in a bearish trend. The cryptocurrency fell to its low at $0.26 and commenced a bullish movement. If the level is not holding, the XRP price will fall to its previous low at $0.24. If the level is holding, we should initiate long trades because we ought to have bought at the oversold market conditions.

Your stop loss should be below the $0.24 price level. As soon as the trades reach profitable positions, you should bring the stop-loss order to breakeven point. However, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 40 which indicates that price is in the sideways trend zone.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. The cryptocurrency is making a bullish movement to the high of $0.30. The XRP price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. 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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$ 1.4045 (+0.33%)
Объем 24H $3.684b
Изменеия 24h: 2.25 %, 7d: 3.40 %
Cегодня L: $1.403 - H: $1.4045
Капитализация $85.992b Rank 5
Цена в час новости $ 0.2827 (396.82%)

xrp price levels low bearish trend september

Источник: bitcoinexchangeguide.com

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