XRP /USD Price Long-term Trend: Ranging
- Supply levels: $0.56, $0.58, $ 0.60
- Demand levels: $0.30, $0.28, $0.26
The price of XRP/USD pair was in a sideways trend in the first week of January. The crypto’s price was above the 12-day EMA and the 26-day EMA. The XRP price was fluctuating above the $0.35 price level. In the second week, January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the $0.33 price level.
The crypto’s price is now below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. If the bears continue with their bearish trend, the crypto will fall to the low of $0.29. The MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the stochastic indicator is in the oversold region but above the 20% range indicating that the price of XRP is in a bullish momentum and a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.