Ripple (XRP) Reddit Subscribers Reach the Milestone of 200,000 Members
  • On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend.
  • On the downside, if price continues its fall, the crypto’s price will find support at $0.31000.

XRP/USD Medium-term Trend: Bearish

  • Resistance Levels: $ 0.61, $0.63, $ 0.65
  • Support Levels: $0.32, $0.30, $0.28

Yesterday, April 15, the XRP price was in a bearish trend. The XRP price continued its fall yesterday. On April 11 and 12, the crypto’s price had earlier fallen to the low at $0.32 and commenced a range bound movement. The bulls made a bullish movement and tested the 26-day EMA and were resisted. The crypto’s price fell to a low at $0.31687 and commenced a bullish movement.

The crypto’s price is still below the EMAs which indicate that price is likely to fall. On the downside, if price continues its fall, the crypto’s price will find support at $0.31000 price lebvel. On the other hand, if the bulls break the EMAs, the crypto’s price will resume its bullish trend. Meanwhile, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

XRP/USD Short-term Trend: Ranging

On the 1-hour chart, the XRP price is in a bearish trend. The 12-day EMA is trending horizontally indicating that price is in a range bound movement. The bulls are nearing the 12-day EMA and the 26-day EMA to break above it.

If the bulls succeed in breaking the EMAs, the crypto’s price will resume its bullish trend. Meanwhile, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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