XRP/USD Medium-term Trend: Bearish
- Resistance Levels: $ 0.61, $0.63, $ 0.65
- Support Levels: $0.37, $0.35, $0.33
Yesterday, December 24, the XRP price was in a bullish trend. The crypto’s price reached the high of $0.46 while in a bullish trend. But it faced resistance at the $0.45 price level and price fell to the low of $0.40. Today, the bearish trend is continuing as price further depreciated to the low of $0.37.
On the downside, if the bearish trend continues and price breaks the $0.35 price level, the crypto will find support at the previous low of $0.29. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.
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 now in the bearish trend zone as price broke the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic indicator is in the oversold region above the 20% range.
This indicates that XRP is in a bullish momentum and a buy signal. The crypto is likely to continue its falls if the stochastic bands remain in the oversold region. Also, the MACD line and the signal line are below the zero line which indicates a sell signal line.
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