The crypto has been on a bearish market condition since the month beginning and it has not shown any significant signs of relenting in the bearish call. And a break out of the next resistance level will push the price down to a major resistance level.
Supply levels: $0.42, $0.47, $0.51
Demand levels: $0.39, $0.37, $0.30
XRPUSD Medium-term Trend: Bearish
XRPUSD has been on a bearish trend for days, and this condition seems not to have slid away, the market only has a price pullback after breaking the price resistance level of $0.39. The trend will likely head to $0.37 or go down to a major resistance area of $0.30.
From an X-ray of the daily chart, it is obvious that the price is below the yet to cross 14 and 50 Exponential Moving Averages, and the signal lines and Histogram bars of the MACD Indicator signaling a bearish indication.
XPRBTC Short-term Trend: Ranging
XRPBTC Short-term outlook is ranging, the price rejected a major resistance area and is now heading for a price resistance area. And a break out of this area will mean a game changer for the trend.
The 4-hour chart shows that the price is in-between the 14 and 50 Exponential Moving Averages, and the MACD Indicator is showing a weak indication.
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