XRP/USD Medium-term Trend: Bearish
Resistance Levels: $0.32, $0.34, $ 0.36
Support Levels: $0.22, $0.20, $0.18
Yesterday, September 11, the XRP price was in a bearish trend. Since after the bearish breakout the cryptocurrency had been fluctuating between the levels of $0.28 and $0.25. Today, the price of the cryptocurrency is falling as price approaches the previous low at $0.24. If the price falls to the low of $0.24, traders should look out for buy setups to initiate long trades.
Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 33 which indicates that the market is oversold suggesting bulls to take control of the market.
XRP/USD Short-term Trend: Bearish
On the 1-hour chart, the XRP price is in a bearish trend. The XRP price is below 12-day EMA and the 26-day EMA which indicates that price is falling . Also, the MACD line and the signal line are below the zero line which indicates a sell signal. If the price falls to the low of $0.24 the support levels would be breached.
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