The crypto was able to achieve a herculean tax yesterday by breaking a stiff resistance level, and this will accelerate to the next major barrier level. The break of this level has automatically re-affirmed the continuous bearish call of the coin.
Supply levels: $0.42, $0.47, $0.51
Demand levels: $0.39, $0.37, $0.35
XRPUSD Medium-term Trend: Bearish
XRPUSD Medium-term trend is bearish; the price was able to break out of the channel area of $0.51 and $0.39. The level has kept the coin host stage for a whole week. The break has given the crypto the needed momentum to fall to the next price resistance level of $0.37 or even $0.35.
From the daily chart, the price is below the two Exponential Moving Averages of 14 and 50 days, and the MACD Indicator signal lines and Histogram bars are on the bearish direction.
XPRBTC Short-term Trend: Bearish
XRP BTC Short-term trend has continued to maintain the bearish trend it embarked on for some days now. The crypto looks ready to smash the next price barrier level or even dig down further.
The 4-hour chart is indicating the price is still operating below the two Exponential Moving Averages of 14 and 50, and the MACD Indicator is positioned for the bearish trend.
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