2018-8-14 11:11 |
XRP/USD Medium-term Trend: Bearish
Resistance Levels: $0.28, $0.29, $ 0.30
Support Levels: $0.23, $0.22, $0.21
Yesterday, August 13th, XRP price was in a sideways trend. Price has already fallen to the low of $0.28 but it fell again to $0.27. Today, XRP price is still in a downward trend. The cryptocurrency is likely to fall to the next support level at $0.20. We will recommend long trades at the end of the bearish pressure.
Nevertheless, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the Relative Strength Index period 14 is level 20 which indicates that the market is oversold suggesting bulls to take control of price.
XRP/USD Short-term Trend: BearishOn the 1-hour chart, the XRP price is in a bearish trend. The XRP price fell to the low of $0.25 and price retraced to the high of $0.26. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The XRP price is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing.
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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