XRP Long-Term Price Forecast- December 8

2018-12-8 07:50

XRP /USD Price Long-term Trend: Bearish Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.25, $0.23, $0.21

The price of XRP was bearish in the latter part of November 2018. At the beginning of November, the crypto's price was in a bullish trend zone as price made incursions into the upper price levels. On November 18, the bears broke the 12-day EMA and the 26-day EMA which resulted in the downward trend. From the Stochastic indicator, the reading is in the range above 20. This implies that the crypto has a bearish momentum and a sell signal.

If the downtrend continued, the XRP price is expected to reach the previous low of $0.24.
Nevertheless, the price of XRP is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell 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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Ripple (XRP) на Currencies.ru

$ 1.4389 (+0.09%)
Объем 24H $2.413b
Изменеия 24h: 1.58 %, 7d: -2.38 %
Cегодня L: $1.4252 - H: $1.4443
Капитализация $88.594b Rank 4
Цена в час новости $ 0.3091 (365.51%)

price xrp levels november trend bearish long-term

Источник: bitcoinexchangeguide.com

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