Anthony Pompliano's Podcast Talks Unhealthy Ripple Community and XRP Price Manipulation

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.

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

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

twelve + 19 =