2018-12-27 11:00 |
Yesterday, December 26, the XRP price was in a sideways trend. Since on December 25, the price of XRP had been ranging at the $0.37 price level. There had been no significant price movement in the last 24 hours apart from the range bound movement. The crypto’s price is going to break below or above the $0.37 price level in a couple days to come.
On the downside, if the crypto’s price continues its fall below the $0.37 price level, the crypto will find support at either $0.33 or $0.29 price level. On the other hand, the crypto’s price can rise if price breaks the 12-day EMA and the 26-day to the upside and remained above it. Meanwhile, the Stochastic is indicating that XRP is in a bullish momentum and a buy signal as the indicator is out of the oversold region but above the 20% range.
XRP/USD Short-term Trend: RangingOn the 1-hour chart, the price of XRP is in a sideways trend. The crypto’s price fluctuates above and below the 12-day EMA and the 26-day EMA indicating that price is in the sideways trend. Presently, the crypto’s price is below the EMAs indicating that price is likely to fall.
In the same vein, the stochastic is out of the oversold region and it is below the 20% range indicating that the crypto is in a strong bearish momentum.
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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