Ripple's XRP: Which of the Three Areas of Support Will Provide the Reversal
Short-term price analysis of Ripple's XRP on December 28, 2018. We take a look at the lower time-frames and use technical analysis to assess where the price of XRP could go from here. Note: The following is a short-term price analysis of Ripple's XRP. For the long-term XRP price analysis, please click here. A look at the 6-hour chart shows that price hit a high of $0.45 then promptly reversed. It is now trading at $0.35. The drop was preceded by bearish divergence in all three of RSI, MACD and the Chaikin Oscillator. The 4-hour chart gives support to the findings given in the 6-hour one. Besides significant bearish divergence, the 7 and 21 period moving averages made a bearish cross and price are currently falling below the cloud. This posting was first found by us on January 08, 2019 4:09 PM. Share this content on social media: Browse blokt.com for more similar content. Leave a Comment
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