XRP Price Analysis – March 14

Share On Facebook

XRPUSD Medium-term Trend: Ranging

©

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

 
Yesterday, March 13, the XRP price was in a bullish trend. In the previous day, the bulls and the bears were struggling below the 12-day EMA and the 26-day EMA at a price of $0.31. Yesterday, the XRP price had a price rally which made the crypto’s price to reach the high of $0.33 but closed at a price of $0.32.

 
The bulls could not sustain the price above the EMAs, probably because of lack of buyers at the $0.33 price level. Today, the bears made a downward correction which canceled the bullish gains of yesterday. The crypto’s price is back to the $0.31 price level after the downward correction.

 
The EMAs are trending horizontally indicating that XRP price will continue its range bound movement at the $0.31 price level. Meanwhile, the stochastic indicator is out of the overbought region but above the 40% range which indicates that the XRP price is in a bullish momentum and a buy signal.

 

 
XRPUSD Short-term Trend: Bearish

 
On the 4-hour chart, the XRP price is in a bearish trend. Yesterday, the bulls failed to defend the price at the $0.32 price level. The bears took price below the EMAs to continue the downward trend. The trend line shows the downward trend of the bearish trend.

 
The bearish trend is ongoing until price breaks above the trend line and the following candlestick closes on the opposite it. If the bearish trend continues, the crypto’s price will find support at the $0.30 price level. Meanwhile, the stochastic indicator is out of the oversold region but below the 40% range which indicates that the XRP price is in a bearish momentum and a sell signal.

 

 

 

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:20190618 08:56:14