XRP /USD Price Long-term Trend: Ranging

Supply levels: $0.56, $0.58, $ 0.60
Demand levels: $0.40, $0.38, $0.36

The price of XRP is one of the best performing cryptocurrency because of its consistency. The XRP/USD pair is currently in a sideways trend in the month of November 2018. On November 1, the digital currency had an opening balance of $0.45 but had depreciated to the low of $0.40. On November 20, the crypto's price broke the 12-day EMA and the 26-day EMA and fell on a downward trend.

The XRP price will have difficulty to resume its uptrend because it has fallen below the $0.50 price level and the exponential moving averages (EMAs). On November 24, the crypto's price is approaching the $0.41 price level. There are indications that price may reach the low of $0.38. Nevertheless, the price of XRP is neither below nor above the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The MACD line and the signal line are below 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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