XRP Price Analysis – December 13

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RPUSD Medium-term Trend: Ranging

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• Resistance Levels: $0.56, $0.58, $ 0.60
• Support Levels: $0.30, $0.28, $0.26

 
The XRPUSD pair has continued to consolidate at the $0.30 price level. There has been no significant price movement in the last 24 hours as the crypto made a bullish movement to the high of $0.31. The bears pulled back to the previous low. Meanwhile, the 12-day EMA and the 26-day EMA are pointing southward indicating that XRP price may fall.

 
Secondly, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that the price is in the bearish trend zone. Thirdly, the stochastic bands are still in the oversold region below the 20% range. This also indicates the crypto has a strong bearish momentum. On the upside, the crypto will rise if the 12-day EMA and the 26-day EMA are broken and the bullish momentum sustained.

 
XRPUSD Short-term Trend: Ranging

 
On the short term trend, the XRP price is in a sideways trend. Yesterday, the XRP price was in a bullish trend and the 12-day EMA and the 26-day EMA were broken as the price reached the bullish trend zone. However, the bulls failed to sustain their bullish movement above the EMAs.

 
The crypto’s price reached the high of $0.3171 but faced resistance at the $0.32 price level. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that the price will fall.

 

 

 

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

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