Published: 2018-11-15 06:42:37
XRP/USD Medium-term Trend: Bearish
Resistance Levels: $ 0.61, $0.63, $ 0.65Support Levels: $0.50, $0.48, $0.46
Yesterday, November 14, the XRP price was in a sideways trend. Price was fluctuating above the $0.51 price level when the crypto had a bearish breakout. The bearish breakout broke the $0.50 price level, the 12-day EMA and the 26-day EMA. The digital currency fell to the previous low of $0.46. Presently, the price is consolidating at the $0.46 price level.
If price holds at that level, traders should initiate long trades at the current market price. Then a stop loss should be placed below the support level. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone.
XRP/USD Short-term Trend: Bearish
On the 1-hour chart, the XRP price is in a bearish trend. The crypto’s price fell to the low of $0.46 and commenced a range bound movement. The XRP’s price is below the 12- day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
The views and opinions expressed in the article XRP Daily Price Forecast – November 15 do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.