XRPUSD Medium-term Trend: Bearish
Supply levels: $0.35, $0.37, $ 0.39
Demand levels: $0.26, $0.24, $0.22
Yesterday, XRP price was in a bearish trend. A bearish breakout broke the $0.30 price level which resulted in the price falling to the low of $0.28. However, it was assumed that if price broke the $0.30 price level; the cryptocurrency would fall to the low of $0.24. Today, the XRP price is falling and approaching the low of $0.28. If the downward trend continued, the cryptocurrency will likely fall to the low of $0.24.
The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that the XRP price is falling.
XRPUSD Short-term Trend: Bearish
On the 4-hour chart, the XRP price is in a bearish trend. The XRP price is falling after reaching the high of $0.30. Nevertheless, the Relative Strength Index period 14 is level 34 which indicates that the market is oversold suggesting bulls will take control of the market.
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