The coin made concerted efforts to break out of a key price level yesterday but the resistance stood still, the price later had a pullback, but the market is not relenting on these moves, and if the coin succeeds in doing this the price will have a momentous bearish drive.
Supply levels: $0.42, $0.47, $0.51
Demand levels: $0.39, $0.37, $0.35
XRPUSD Medium-term Trend: Bearish
The coin I currently resting on the price resistance level of $0.39, steaming for a break out of this price barrier level, if the price break, it the market will accelerate to the next price resistance level of $0.37 and or $0.355.
The daily chart is showing that the price is below the 14 and 50 Exponential Moving Averages, and they are about to cross for an increase bearish drive, and the signal lines and bars of the MACD Indicator Histogram are indicating bearish moves.
XPRBTC Short-term Trend: Bearish
The market Short-term trend is bearish the price rejected a bullish drive and went on for a bearish re-alignment, and is heading to the next resistance level that it has tested earlier on.
The 14 and 50 Exponential Moving Averages have sloped downwards indicating a bearish drive, and MACD Indicator signal lines and Histogram bars have crossed for the bearish call.
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