2019-1-14 09:25 |
Last week, the XRP price was in the bearish trend zone. On December 10, the bulls reached the $0.38 price level and were resisted. The bears broke the 12-day EMA and the 26-day EMA to the low of $0.33. The crypto's price is commencing a range bound movement to the 12-day EMA. The XRP price range bound movement was stalled by the 12-day EMA and price fell to the low of $0.32.
The XRP price is in a bullish trend approaching the 12-day EMA. Meanwhile, the stochastic indicator is approaching the oversold region but above the 20% range indicating that XRP price is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.
XRP/USD Short-term Trend: BearishOn the 1-hour chart, the price of XRP is in a bearish trend zone. On December 13, the bears broke the 12-day EMA and the 26-day EMA to the low of $0.32. The crypto’s price made a range bound and broke above the 12-day EMA and the 26-day EMA.
The stochastic is out of the oversold region but below the 80% range which indicates that price is in a bearish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell 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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