Ripples-Story-of-XRP-Creation-Changes

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.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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