2018-11-2 09:27 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.40, $0.38, $0.36
Yesterday, November 1, the XRP price was in a bullish trend. The crypto's price was hovering above the exponential moving averages indicating that the XRP price was likely to rise. Today, the digital currency is in a bullish trend. Traders should initiate long trades at the current market price and a stop loss order should be placed below the $0.45 price level.
Nevertheless, the digital currency is likely to face resistance at the $0.48 price level. However, the MACD line and the signal line are above the zero line which indicates a buy signal. In the same vein, the XRP price is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone.
XRP/USD Short-term Trend: BullishOn the 1-hour chart, the XRP price is in a bullish trend. The XRP's price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy 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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