XRP/USD Medium-term Trend: Bearish
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.30, $0.28, $0.26
Yesterday, December 5, the XRP price was in a bearish trend. The XRP price has fallen to the previous low of $0.33. The digital currency presently ranges between the levels of $0.33 and $0.40. Price had previously respected the $0.33 price level and it ranged back to the upper price level. However, if the bears break the $0.33 price level, the digital currency will fall to the previous low of $0.24.
Also, if the $0.33 price level hold traders should look out for buy setups to initiate long trades in anticipation of a bullish trend. 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. The digital currency has fallen to the low of $0.33 and price is fluctuating above it. The price of a digital currency is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall.
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