The XRP crypto has shown lots of tenacity in its bearish call, this warning signal was vividly alerted yesterday after the price seems to have completed its corrective drive. And the coin is now set to crush the major price barrier area.
Supply levels: $0.42, $0.47, $0.51
Demand levels: $0.39, $0.37, $0.30
XRPUSD Medium-term Trend: Bearish
XRPUSD has assumed back its bearish composition, the crypto has broken out from the price of $0.37 and is heading to hit or break out of the price resistance of $0.30, and a break of it will mean that the price will set up a new lower low target.
The daily chart shows that the price is below the 14 and 50 Exponential Moving Averages, while the MACD Indicator shows that the signal lines and the Histogram bars are all indicating a bearish signal.
XRPBTC Short-term Trend: Bearish
The Short-term trend of the coin is bearish; the price was able to break a major price barrier level. And it has gone down to a lower low level, and the price might reverse very soon.
The 4-hour chart is indicating that the price is below the 14 and 50 Exponential Moving Averages, and the MACD Indicator is signaling a bearish trend.
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