XRP Price Analysis: XRP/USD Trends of December 12–18

2018-12-12 11:27

CoinSpeaker
XRP Price Analysis: XRP/USD Trends of December 12–18

Key Highlights: The Bears pressure sustained in the XRP market; the demand level of $0.25 may be the bears’ target; bearish trend is ongoing. XRP/USD Price Long-term Trend: Bearish

Supply levels: $0.32, $0.38, $0.43
Demand levels: $0.25, $0.20, $0.16The bearish trend on the XRP market continues as the pressure to the downside was sustained by the bears. As predicted last week, the bearish candle penetrated the demand level of $0.32 and closed below it, thus, making XRP price facing the previous low ($0.25 demand level) attained on September 12.

There was a retracement to the upside towards $0.38 supply area on December 8. Rejection to further upward move was seen around the 21-day EMA as the bears gradually returned after the market correction.

XRP is currently consolidating below the demand level of $0.32and it is trading under 21-day EMA and 50-day EMA indicating the bears’ pressure. The Stochastic Oscillator period 14 is in the oversold region with its signal lines pointing downward which suggests downward momentum in XRP market. $0.25 may be the bears’ target. In case the demand level of $0.25 holds and the price bounce, an upward trend may be experienced with $0.38 – $0.43 as its target.

XRP/USD Price Medium-term Trend: Bearish

XRP continues in its bearish trend on the 4-Hour chart. XRP price found its low around $0.25 demand level on December 7, rejection to further downward move was carried out by the bulls, the price was pushed up towards the 50-day EMA where the further upward movement was resisted and the price is moving sideways around the two EMAs.

XRP price is below the two EMAs with the 21-day EMA and 50-day EMA acting as a strong resistance against upward price movement. The stochastic oscillator is at 20 levels (the oversold region) with its signal lines pointing upward which indicates buy signal.

To learn more about XRP coin, Ripple company and their innovative solutions, please check out our awesome guide.

XRP Price Analysis: XRP/USD Trends of December 12–18

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.4906 (-0.32%)
Объем 24H $920.732m
Изменеия 24h: 1.64 %, 7d: -1.03 %
Cегодня L: $0.4883 - H: $0.4983
Капитализация $27.265b Rank 7
Цена в час новости $ 0.3061 (60.27%)

xrp price december usd trends analysis may

Источник: coinspeaker.com

xrp price → Результатов: 126


Фото:

Crypto Analyst Predicts XRP Price Breakout Of Critical Zone, Sets Target As High As $7.5

A crypto analyst has boldly predicted a significant price breakout for the XRP price, setting a target as high as $7.5 despite the cryptocurrency trading below $1 presently. While this projection may seem ambitious, if realized, it would mark new all-time highs for XRP, decisively ending the cryptocurrency’s years-long downward trend. XRP’s Roadmap To $7.5 […]

2024-6-12 02:00


Technicals Reveal Ripple’s XRP Price May Break Out Above $1.5 and Rally to $7.5 – Here’s How

A new technical formation takes shape on the Ripple (XRP) price chart, which has renewed the possibility of a potential surge. According to EGRAG Crypto, a renowned crypto analyst, a white Triangle pattern is emerging, incorporating highs from 2021, and it heralds the arrival of the “Genuine Wake-Up Line” – a potential catalyst for a […] The post Technicals Reveal Ripple’s XRP Price May Break Out Above $1.

2024-5-20 11:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Supply In Profit At 78.8%, Here’s How Dogecoin, Bitcoin Compare

Santiment has revealed how major cryptocurrencies like XRP, Bitcoin, and Dogecoin currently compare regarding supply profitability. XRP, Dogecoin, And Other Assets Compared On Basis Of Profitability In a new post on X, the on-chain analytics firm Santiment discusses how the various top coins in the cryptocurrency sector currently stand in terms of Supply in Profit. […]

Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump

In a stark contrast to the performance of the broader crypto market, XRP continues to face significant challenges, according to statements from pro-XRP lawyer Bill Morgan. Despite a discouraging decline in the value of the crypto asset relative to Bitcoin (BTC) and 88% of the top 100 cryptocurrencies, Morgan maintains a bullish outlook on the asset.

XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins. XRP & Cardano Whales Have Gone On A Buying Spree Recently As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple of weeks.

XRP Whales Are Active: Here’s Where They Are Sending Coins

On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to. XRP Whales Have Moved Around Big Amounts In Last 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large XRP transactions have been witnessed on the blockchain in the past day.