XRP Daily Price Forecast – December 4

2018-12-4 08:58

XRP/USD Medium-term Trend: Bearish

Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.30, $0.28, $0.26

Yesterday, December 3, the XRP price was in a bearish trend. Yesterday, the crypto's price fell to the low of $0.35. And if the downtrend continued, the digital currency will fall to the previous low of $0.28. However, since on November 25, the price of XRP had been fluctuating between the levels of $0.33 and $0.40.

If price is in a downward trend and it tested the lower price range of $0,33, it is likely to pull back to continue its range bound movement. On the other hand, if the digital currency rises, it will face resistance at the $0.40 price level. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the price of XRP is in a bearish trend. On December 3, the digital currency fell to the low of $0.34 and commenced a bullish movement. The crypto's price is testing the 12-day EMA. If the bulls break the 12-day EMA and the 26-day EMA, the digital currency is likely to rise. On the other hand, if the crypto's price is resisted by the 12-day EMA, the digital currency will continue its downward trend.

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

$ 1.1735 (+0.99%)
Объем 24H $2.113b
Изменеия 24h: 3.65 %, 7d: -8.57 %
Cегодня L: $1.1265 - H: $1.1735
Капитализация $72.822b Rank 6
Цена в час новости $ 0.3587 (227.15%)

xrp price low levels yesterday bearish trend

Источник: bitcoinexchangeguide.com

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