2018-12-5 08:15 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.30, $0.28, $0.26
Yesterday, December 4, the XRP price was in a bearish trend. Yesterday, the XRP price was ranging below the 12-day EMA and the 26-day EMA. That is it fell to the low of $0.34 and immediately pulled back to the high of $0.36. Today, the crypto's price has been resisted by the 12-day EMA and it is falling.
Remember that the XRP price fluctuates between the levels of $0.34 and $0.40. The bearish trend will find support at $0.34 price level while the bullish trend will face resistance at the $0.40 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.
XRP/USD Short-term Trend: RangingOn the 1-hour chart, the price of XRP is in a sideways trend. On December 4, the digital currency fell to the low of $0.35 and commenced a range bound movement below the 12-day EMA and the 26-day EMA. The 12-day EMA and the 26-day EMA are horizontally flat indicating the sideways trend. The crypto's price is likely to fall since the price is below the EMAs.
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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