XRPUSD Medium-term Trend: Ranging
- Resistance Levels: $0.56, $0.58, $ 0.60
- Support Levels: $0.30, $0.28, $0.26
The XRPUSD pair is in the bearish trend zone te despite the slight price fall. Yesterday, the crypto fell from the high of $0.31386 to the low of $0.30409. The XRP price is still ranging above the $0.30 price level. The price decline is below the 12-day EMA and the 26-day EMA as the crypto continues its fall.
Nevertheless, the XRP price has a chance of immediate price fall if the support level at $0.29 is broken. In addition, the Stochastic indicator is still in the oversold region below the 20% range. The Stochastic confirms the crypto having a strong bearish momentum and a sell signal. The XRP price fall is expected at the previous low of $0.24 and the next support level.
XRPUSD Short-term Trend: Ranging
On the short term trend, the XRP price is in a sideways trend. The XRP price is in the bearish trend as the price fluctuates above the $0.30 price level. On December 7, the price rose from its low and was resisted by the 12-day EMA Then it retraced to the low of $0.30 on December 8 and commenced a bullish movement.
This was resisted at the 26-day EMA. This had been the scenario since the range bound movement began. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that the price is likely to fall.
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