2018-12-8 07:50 |
XRP /USD Price Long-term Trend: Bearish Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.25, $0.23, $0.21
The price of XRP was bearish in the latter part of November 2018. At the beginning of November, the crypto's price was in a bullish trend zone as price made incursions into the upper price levels. On November 18, the bears broke the 12-day EMA and the 26-day EMA which resulted in the downward trend. From the Stochastic indicator, the reading is in the range above 20. This implies that the crypto has a bearish momentum and a sell signal.
If the downtrend continued, the XRP price is expected to reach the previous low of $0.24.
Nevertheless, the price of XRP is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. 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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