The crypto has maintained its bearish trend as it targets a major price resistance level if the price breaks out of this level the price will set up a new lower low target, but rejection at this level will mean a price reversal.
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 has been on a bearish momentum for more than a week now, and the price is determined to reach the next major price level of $0.30 and a break out from this level will put the price at a lower low level, and if the price is rejected on this level there will be a reversal of price to the next barrier level.
The 14 and 50 Exponential Moving Averages are crossed for a bearish indication, and the MACD Indicator signal and Histogram bars are indicating a strong bearish trend.
XRPBTC Short-term Trend: Bearish
XRPBTC Short-term trend is maintaining its bearish outlook, since breaking out of a major resistance level, the price is getting ready to cap for a lower low level.
The 14 and 50 Exponential Moving Averages are strongly indicating a bearish trend, and the MACD Indicator is in a bearish mode.
Please note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.