Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bearish

Resistance Levels: $0.56, $0.58, $ 0.60

Support Levels: $0.36, $0.34, $0.32         

Yesterday, the price of XRP was in a bearish trend. In the medium term frame, the crypto’s price is within the bearish trend zone. Also, note that since November 25, the digital asset had been fluctuating between the levels of $0.35 and $0.40.

Price is expected to break the 12-day EMA and the 26-day EMA. Meanwhile, the Relative Strength Index period 14 is level 36 which indicates that price has reached the oversold region suggesting bulls to take control of the market.

XRPUSD Short-term Trend: Ranging    

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

On the short term trend, the XRP price is in the sideways trend. On November 29, the bulls made a bullish movement to the high of $0.38. Thereafter, the crypto’s price has been characterized by spinning tops and Doji candlesticks describing the indecision of buyers and sellers at the $0.38 price level. The 12-day EMA and the 26-day EMA are horizontal indicating that price is in a sideways trend.

At this level, a price breakout is imminent for the XRP price. A breakout below the $0.38 price will result in a low of $0.24. Meanwhile, the stochastic is in the range above 60% indicating that  XRP has bullish momentum.

 

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