XRP Price Analysis – November 22

Share On Facebook

XRPUSD Medium-term Trend: Bearish

©

 
Resistance Levels: $0.56, $0.58, $ 0.60
Support Levels: $0.40, $0.38, $0.36

 
On November 21, the price of XRP was in a sideways trend. On November 20, the crypto’s price was resisted by the 12-day EMA and the 26-day EMA and fell to the low of $0.44. The digital currency is now ranging at the same price level. Today, the crypto’s price is ranging and it is below the exponential moving averages.

 
When the crypto’s price is below the exponential moving averages, the tendency is to fall. From the price action, if the bears break away from the current price level, the crypto will find support at either $0.43 or $0.40. On the upside, if the price breaks the 12-day EMA and 26-day EMA, the crypto will resume its uptrend. Meanwhile, Stochastic is in the range below 40 which indicates that bears have the upper hand.

 

 
XRPUSD Short-term Trend: Ranging

 
On the short term trend, the XRP price is in a sideways trend. Since November 20, the price fell to the low of $0.44 and commenced a range bound movement. For the past three days, the XRP price has been ranging at the same price level. Meanwhile, the Relative Strength Index period 14 is level 41 which indicates that the price is a sideways trend.

 

 

 

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

 

SOURCE: https://www.cryptoglobe.com/markets/price-analysis

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20181212 10:31:31