Published: 2018-11-21 07:08:11
XRP/USD Medium-term Trend: Bearish
Resistance Levels: $ 0.61, $0.63, $ 0.65Support Levels: $0.40, $0.38, $0.36
Yesterday, November 20, the price of XRP was in a bearish trend. Yesterday, a bearish candlestick broke the 12-day EMA and the 26-day EMA and price were in a downward trend. The bears broke the support level at $0.45 to the low of $0.43. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
If the bearish trend continued price will find support at $0.38. On the other hand, if price breaks the 12-day EMA and the 26-day to the upside; the crypto is likely to resume its uptrend. Nevertheless, 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 trend. The crypto’s price fell to the low of $0.42 and commenced a bullish movement to the exponential moving averages. If price breaks the EMAs and remains above it, the crypto will be out of the bearish trend zone. Traders are to look out for buy setups so as to initiate long trades
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 21 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.