2018-12-29 08:27 |
XRP /USD Price Long-term Trend: Bearish Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.37, $0.35, $0.33
The price of XRP/USD pair was in a bullish trend in the last week of December 2018. In the month of December, the crypto has an opening balance of $0.36 but had a closing price of $0.38 as at the time of writing. In other words, the XRP price has a gain of 5.5% to its capitalization. From the weekly chart, the XRP price is in the bearish trend zone.
Meanwhile, the price of XRP is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the Stochastic indicator is in the oversold region but above the 20% range indicating that the price of XRP is in a bullish momentum and a buy signal.
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