2018-11-15 09:42 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.45, $0.43, $0.41
Yesterday, November 14, the XRP price was in a sideways trend. Price was fluctuating above the $0.51 price level when the crypto had a bearish breakout. The bearish breakout broke the $0.50 price level, the 12-day EMA and the 26-day EMA. The digital currency fell to the previous low of $0.46. Presently, the price is consolidating at the $0.46 price level.
If price holds at that level, traders should initiate long trades at the current market price. Then a stop loss should be placed below the support level. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone.
XRP/USD Short-term Trend: BearishOn the 1-hour chart, the XRP price is in a bearish trend. The crypto's price fell to the low of $0.46 and commenced a range bound movement. The XRP’s price is below the 12- day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Nevertheless, 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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