The XRP coin has gone north-side for a corrective market trend but looks like the crypto is through with the correction, thus the price is expected to join the bigger trend for the big bearish moves.
Supply levels: $0.42, $0.47, $0.51
Demand levels: $0.39, $0.37, $0.30
XRPUSD Medium-term Trend: Bearish
XRPUSD for the past three days has been on a corrective movement; this was consummated after the price breaks a price barrier level at $0.39 for a bearish trend, but had a pullback and went for a corrective movement. However, the price seems to be ready to carry on with the initial bearish trend. If the trend goes bearish the price is expected to accelerate down to the resistance price level of $0.37 or $0.30.
The daily chart is indicating that the price has continued to remain below the two Exponential Moving Averages of 14 and 50 days, while the MACD Indicator signal lines and Histogram bars are maintaining a bearish setting.
XRPBTC Short-term Trend: Bearish
XRPBTC Short-term trend is bearish the price hit a major resistance level and is faced with two options, either to break out if the barrier level for a lower low target, or to reverse for a bullish trend.
From the 4-hour chart, the price can be seen below the two Exponential Moving Averages of 14 and 50, also the MACD Indicator is poised for the bears.
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