alanmasters

XRPUSD (Ripple) Still Bearish, Drop About To Pick Up Momentum

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BITSTAMP:XRPUSD   XRP / U.S. Dollar
I am still bearish on Ripple vs U.S. Dollar (XRPUSD) and I believe that the drop is about to pick up momentum.

Look at the MACD: This can spell disaster ahead.

Also notice that prices are currently challenging as support EMA10.

After a lower high compared to the first test of EMA10 as support, 26-Nov., this can signal that the next level will be tested, meaning EMA21 ($0.5176).

But this can go even lower... See my previous analysis for more targets here: Ripple vs U.S. Dollar (XRPUSD)... Wow...

Thanks a lot for your support.

Namaste.
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