Yesterday, December 20, the XRP price was in a bullish trend. The crypto's price is above the 12-day EMA and the 26-day EMA but price is currently breaking the 12-day EMA. The XRP price is currently approaching the $0.37 price level after failing to break the $0.40 price level. However, if price breaks the 12-day EMA and the 26-day EMA to the downside, the crypto will resume its downward trend. Then, we expect the crypto to fall to the previous low of $0.33.

On the 1-hour chart, the price of XRP is in a bearish trend. The crypto’s price has broken the 12-day EMA , the 26-day EMA and fallen to the bearish trend zone which indicates that price is likely to fall.

In addition, if price breaks the $0.35 price level, the crypto will find support at the $0.33 price level. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal line.

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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