2018-11-26 08:53 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.30, $0.28, $0.26
Last week the price of XRP was in a bearish trend. On November 19, the crypto's price broke the 12-day EMA and the 26-day EMA and price fell below the EMAs. It was at this point the digital currency commenced its downward trend. On November 25, the crypto’s price fell to the low of $0.33 and commenced a bullish movement.
The bulls broke the 12-day EMA but are facing resistance at the 26-day EMA. Today, the crypto'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.
XRP/USD Short-term Trend: BullishOn the 1-hour chart, the price of XRP is in a bullish trend. On November 25, the crypto's price rose from it's low of $0.33 made a bullish movement to the 12-day EMA. Again it fell to the low of $0.34 and commenced a bullish movement which resulted in the breaking of the 12-day EMA and the 26-day EMA. Meanwhile, the XRP price is expected to rise because the price is above the 12-day EMA and the 26-day EMA. Also, the MACD line and the signal line are above the zero line which indicates a buy 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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