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XRP/USD Medium-term Trend: Bearish
- Resistance Levels: $ 0.61, $0.63, $ 0.65
- Support Levels: $0.36, $0.34, $0.32
Yesterday, January 9, the XRP price was in a bullish trend. The crypto’s price fell to the low of $0.36 and then commenced a bullish movement to break the 12-day EMA and the 26-day EMA. Today the crypto’s price is in the bullish trend zone and the XRP price had a price rally which resulted in the high of $0.40.
However, the bears made a pullback to the low of $0.35. Meanwhile, the stochastic indicator is out of the overbought region but below the 60% range indicating that XRP price is in a bearish momentum and a sell signal.
Short-term Trend: Bearish
On the 1-hour chart, the price of XRP is in a bullish trend zone. Yesterday, the crypto’s price was below the 12-day EMA and the 26-day EMA. At the support of the 12-day EMA and the 26-day EMA, the crypto had a price rally that made the crypto reach the high of $ 0.40.The crypto has fallen to the previous price level. The MACD line and the signal line are above the zero line which indicates a buy signal.
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.