Yesterday, December 10, the XRP price was in a bearish trend zone. On December 9, the bulls broke the 12-day EMA and the 26-day EMA and reached the high of $0.32. But the bulls could not hold on to price above the EMAs and the bears pulled back price to the bearish trend zone.

The bears brought the price to the low of $0.30 and commenced a range bound movement above that level. If the bears break the $0.30 price level the crypto will find support at the $0.24 price level. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line.

On the 1-hour chart, the price of XRP is in a bullish trend. On December 9, the crypto’s price was in the bullish trend zone. Yesterday, the bears brought the price to the bearish trend zone. The crypto’s price fell to the low of $0.30 and it is attempting to break the 12-day EMA to the upside.

Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to fall. If the price falls below the $0.30 price level it is likely to reach the previous low. Traders should look out for buy setups to initiate long trades if the price falls to the low of $0.24.

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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