XRP/USD Medium-term Trend: Bearish
Resistance Levels: $ 0.61, $0.63, $ 0.65 Support Levels: $0.30, $0.28, $0.26
Yesterday, December 6, the XRP price was in a bearish trend. On December 4, the crypto's price was resisted while in a bullish trend by the 12-day EMA. The XRP price fell from the $0.35 price level to the low of $0.30. The bearish trend has broken the previous low of $0.33.
At this price, the crypto was fluctuating between the levels of $0.33 and $0.40 but price is likely to continue its downtrend until it reaches the previous low of $0.24. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line.
XRP/USD Short-term Trend: Bearish
On the 1-hour chart, the price of XRP is in a bearish trend. On December 6, the crypto's price was in a bullish trend when it was resisted by the EMAs. The crypto's price broke the EMAs and fell below the EMAs at the low of $0.33.
The XRP price continued its fall to the low of $0.30. If the crypto's price fall to the previous low of $0.24, traders should look out for buy setups to initiate long trades. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall.
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