33.2 C
Manchester
July 20, 2019
Image default
ripple

Ripple: Price Analysis, Dec. 3

XRP/USD

Ripple is struggling to pull back. The 20-day EMA has turned down and the RSI is close to the oversold levels. This shows that the bears are overpowering the bulls in the short term.







The first level to watch on the downside is $0.33108. Below this, the next support is at the Nov. 25 intraday low of $0.31123. A break of this level will result in a retest of the critical support at $0.24508. Traders can watch the $0.30 level closely and liquidate positions if the bears sustain the price below the support line of the descending channel.

If the XRP/USD pair attracts buyers at one of the above-mentioned support levels, it will move up to $0.40, which will act as a major resistance, as the 20-day EMA is located at this level. After this level is crossed, we expect the bulls to pick up momentum.

1 comment

ergfirnolikz January 10, 2019 at 6:51 pm

I like what you guys are up too. Such intelligent work and reporting! Carry on the superb works guys I¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my website 🙂

Reply

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More