Published: 2018-11-29 05:53:20
XRP/USD Medium-term Trend: Bullish
Resistance Levels: $ 0.61, $0.63, $ 0.65Support Levels: $0.30, $0.28, $0.26
Yesterday, November 28, the price of XRP was in a bullish trend. The price of the digital currency broke the 12-day, the 26-day EMA and remained above it. The implication is that XRP is now in the bullish trend zone. The bullish trend made the digital currency to reach the high of $0.40 but the crypto’s price is retracing from the recent high.
If the price retraced and broke the 12-day EMA and the 26-day EMA to the downside; the digital currency will fall to the low of $ 0.35. Today, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy 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 fell to the bearish movement after 48 hours of bullish movement. The crypto’s price has broken the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Traders are to exit their long trades as against the bearish trend
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 29 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.