The coin is not giving up in its bearish call; the market only had a price retracement yesterday, but has aligned back, and is now aiming at the major price barrier level. The price might break this level for a lower low price level or reverse from there.
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, the is so much poised to hit the key price level of $0.30, if the market succeeds in breaking out of this price level, then the price will go for a record lower low level, while a rejection of this level will push the price up to the price barrier level of $0.37.
The daily X-ray shows that 14 and 50 Exponential Moving Averages are crossed for a strong bearish trend, and the MACD Indicator signal lines and Histogram bars are on the bearish side.
XRPBTC Short-term Trend: Bearish
XRPBTC Short-term trend is on consolidation below the key price barrier area that it has broken for some days now. The price might be going for a bullish trend reversal or correction, after setting a price barrier level for a lower low level.
The price is hovering within the 14 Exponential Moving Average, while the MACD Indicator is showing a weak bullish call.
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