2019-1-5 08:30 |
XRP /USD Price Long-term Trend: Ranging Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.37, $0.35, $0.33
The XRP/USD pair was in a sideways trend in the last ten days. The crypto’s price was fluctuating between the levels of $0.34 and $0.38. The bulls had not been able to break above the resistance at $0.38. Also, the bears had not been able to break below the support at $0.34. That was the reason the 12-day EMA and the 26-day EMA were horizontally flat on the daily chart. The crypto is likely to face price breakout in the coming days.
From the weekly chart, the XRP price is in the bearish trend zone. But the 12-day EMA and the 26-day EMA are horizontally flat indicating that price is in a sideways trend.
The MACD line and the signal line are below the zero line which indicates a sell signal.
In addition, the stochastic indicator is out of the oversold region but above the 20% range indicating that the price of XRP is in a bullish momentum and 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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