XRP /USD Price Long-term Trend: Bearish

Supply levels: $0.56, $0.58, $ 0.60
Demand levels: $0.30, $0.28, $0.26

The price of XRP was bearish in the latter part of November 2018. The digital currency is more stable than the other cryptocurrency. On November 1, the XRP has an opening balance of $0.45 but today, November 30, the crypto has fallen to the low of $0.36 as at the time of writing. In other words, the XRP price has lost 20% of its capitalization in the month of November 2018.

The digital currency has the tendency to fall because the price is in the bearish trend zone. There will be no trade recommendation until the bears have exhausted their bearish pressure. Nevertheless, the price of XRP is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. 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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