The ripple coin after its corrective drive has shown an increase bearish momentum, thus targeting a major price resistance level, a break of this level will push the price to a lower low level.
Supply levels: $0.42, $0.47, $0.51
Demand levels: $0.39, $0.37, $0.30
XRPUSD Medium-term Trend: Bearish
XRPUSD Medium-term trend is bearish, and the crypto is not relenting in this drive, it looks dedicated to smashing the major barrier level of $0.30, and breaking out of this level will set the price at a lower low level, or the price might reverse at this barrier level.
From the daily chart, the price is below the 14 and 50 Exponential Moving Averages, and the MACD Indicator signal lines and Histogram bars have re-align for the bearish call.
XRPBTC Short-term Trend: Bearish
XRPBTC Short-term trend has continued to be bearish, the price is in a no-man’s-land area, and it will set up a level for a lower low level, before reversing or going for a market correction.
The 4-hour chart X-ray still shows that the 14 and 50 days Exponential Moving averages are on a strong bearish indication, also the MACD Indicator is showing a bearish market situation.
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