XRP Daily Price Forecast – December 28

2018-12-28 09:41

XRP/USD Medium-term Trend: Bearish Resistance Levels: $ 0.61, $0.63, $ 0.65 Support Levels: $0.29, $0.28, $0.26

Yesterday, December 27, the XRP price was in a bearish trend. Yesterday, the XRP price fell to the low of $0.34 and commenced a range bound movement. In my previous analysis, I suggested that price was going to break below or above the $0.37 price level in a couple days to come.

That, if price broke the $0.37 prices level, the crypto would find support at either the $0.33 or $0.29 price level. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend. Also, the stochastic indicator is in the oversold region but below the 20% range. This indicates that the XRP price is in a strong bearish momentum.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the price of XRP is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. As price fell to the low of $0.34, the crypto’s price is ranging at that price level.

Meanwhile, the stochastic indicator is out of the oversold region but above the 20% range. This implies that XRP price is in a bullish momentum and a buy a 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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xrp price levels yesterday bearish trend december

Источник: bitcoinexchangeguide.com

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