2018-12-22 05:24 |
XRP /USD Price Long-term Trend: Bearish Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.37, $0.35, $0.33
The price of XRP/USD pair is now in a bullish trend as the price reached the high of $0.40 price level. In the daily chart, the XRP price is currently retracing because the crypto faced resistance at the $0.40 price level. Also, the crypto's price is in the bullish trend zone as price has the tendency to rise. In the weekly chart, the Stochastic indicator is in the oversold region making a U-turn to the upside. While in the oversold region, the XRP price had been in a bearish momentum and a sell signal.
If the Stochastic bands come out of the oversold region and remain above the 20% range; the XRP price will be in a bullish momentum and a buy signal. Meanwhile, the price of XRP is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.
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