XRP/USD: Red for Christmas?
Bitcoin continues its very bullish trend, but XRP hit $0.4 for a brief moment on some exchanges this week, and that level could not be sustained for the long term. Over the past days, the XRP price has lost 1% in USD value and 3.2% in Bitcoin value. Both trends are somewhat worrying for those who have a very short attention span, although everyone else will agree this is what the market needs right now. Current price is still good, especially when considering the value of $0.23 which was not some time ago. a Bull-trap?
XRP, the second largest crypto is down more than one percent today at $0.354 and near low point of the day.
Falling prices coupled with falling RSI, rising bollinger bands range and falling MACD, all signal that the trend has turned down. First major support in this down move is at $0.329 where 21 days SMA is placed and then lower towards lower end of the bollinger bands, $0.267 on the daily.
XRP, the second largest crypto is down more than one percent today at $0.354 and near low point of the day.
Falling prices coupled with falling RSI, rising bollinger bands range and falling MACD, all signal that the trend has turned down. First major support in this down move is at $0.329 where 21 days SMA is placed and then lower towards lower end of the bollinger bands, $0.267 on the daily.
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