XRP PRICE ANALYSIS:- THE MACD SHOWING RED HISTOGRAMS BUT, WILL CHANGE IN DIRECTION LEAD TO A BULLISH TREND? – Cryptocurrency News – The Market Periodical

• The trading volume of the XRP Coin in the last 24-hrs, at the time of writing this article, was -32%
• The price of XRP/BTC and XRP/ETH at the time of writing this article is 0.0000179 BTC and 0.0002644 ETH 
• The price is taking support on the 50MA

LONG TERM VIEW:- 

In the daily time interval we can see the price is near the support and is making a Doji. Let’s look at the technical analysis to see if the price is able to sustain on the support or not. Firstly,  we can see the MACD which is showing red histograms as the MACD line is below the Signal line and there is no sign that the lines will change directions. 

In addition to that we can see RSI is in the neutral zone near the 50.75 and the RSI line is pointing sideways as the Bulls and bears are giving each other a good fight. Lastly, we can see the Moving average as the 20MA is below the 50MA and the 50MA is above the both 20MA and 100MA. The price is taking support on the 20MA and also 100MA. 

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SHORT TERM VIEW:- 

In the 4hr time interval we can see the 20MA is acting as a resistance, meaning the price is not able to break the resistance. Also the MACD is showing red histograms as the MACD line is below the signal line and the MACD line is going closer to the Signal line if the volume keeps the same. In addition to that we can see the RSI is in the neutral zone near 44 and the RSI line is pointing towards the oversold zone near 30, meaning the bears are winning the fight against the bulls. Lastly, we can see the Moving average, 20MA is below the 50MA and 100MA and the 50MA is below the 100MA.

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CONCLUSION:- 

Looking at both the long term and short term we can see the MACD is changing its direction and may give a buy signal soon, so the price might go to the resistance and break it, that is if the volume remains in the favour of the bulls. As of now, the price may go down to the support ,but the bulls can make the price bounce back if they gain control of the price. 

RESISTANCE:-$1.1471,$1.2542

SUPPORT:- $1.0330,$0.9522      

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