2018-12-12 10:03 |
Yesterday, December 11, the XRP price was in a bearish trend . Price of XRP had been ranging above the $0.30 price level in the last five days. From the price action, the bears had on four occasions been attempting to break the support level but were resisted at the price of $0.29, $0.30,$0.30 and $0.30 on a daily basis.
On the upside, the bulls may face resistance at the $0.32 price level. Price is making another bullish movement. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line.
XRP/USD Short-term Trend: RangingOn the 1-hour chart, the price of XRP is in a sideways trend. The crypto’s price fluctuates below and above the exponential moving averages. On December 10, the crypto’s price fell to the low of $0.30 and broke the 12-day EMA and the 26-day EMA to the upside.
On December 11, the crypto’s price followed the same pattern of movement but was heading towards the bearish trend zone. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. In the lower time frame, 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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