2018-11-19 18:28 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.46, $0.44, $0.42
Last week price of XRP was in a bullish trend. On November 13, the 26-day EMA acted as a support for the digital currency. However, the following day the price of the digital currency broke the 12-day EMA and the 26-day EMA to the low of $0.46. The $0.46 price level was the previous low of November 5 where the crypto’s price had a bullish movement.
Last week price made a similar bullish movement to the high of $0.51. Today, the crypto has been resisted because of the resistance at $0.50. The crypto’s price had since been broken by the 12-day EMA and the 26-day EMA to the downside indicating that price is likely to be in the bearish trend zone. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal.
XRP/USD Short-term Trend: BearishOn the 1-hour chart, the XRP price is in a bullish trend. On November 15, the digital currency fell to the low of $0.43 and pulled back to the upwards and became range bound. On November 18, the digital currency reached a high of $0.52 in a bullish trend. Today the crypto’s price faced resistance at the $0.50 price level.
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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