XRPUSD Medium-term Trend: Bullish
- Resistance Levels: $0.56, $0.58, $ 0.60
- Support Levels: $0.36, $0.34, $0.32
On December 25, XRP was in a bearish trend. The crypto's price is dropping from a recent $0.45 high, and is now approaching a $0.37 low. XRP’s price is currently above the 12-day EMA, and the 26-day EMA shows it’s currently in a bullish trend.
If the bears manage to break the $0.35 support, the cryptocurrency is set to fall to lows at $0.33 or $0.29. If the bulls hold on to the $0.37 level, they may be able to sustain an upward movement. Meanwhile, the Relative Strength Index period 14 is at 54 which indicates that price is out of the bullish trend.
XRPUSD Short-term Trend: Bearish
On the 4-hour chart, XRP is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which points to the bearish trend. A bearish candlestick has broken the 12-day EMA and the 26-day EMA to the downside which indicates the price may keep on going down.
For XRP’s price to move up, it has to break through both its EMAs. The Stochastics climbed out of the oversold region but are apparently dipping back into it. Bottom line is, indicators show XRP sell signals.
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