XRP/USD Medium-term Trend: Bearish
- Resistance Levels: $ 0.61, $0.63, $ 0.65
- Support Levels: $0.33, $0.31, $0.29
Yesterday, January 10, the XRP price was in the bearish trend zone. On December 10, the bulls and the bears were in price control contest. The bulls had earlier taken price to the high of $0.40 and the bears pulled back price to the $0.38 price level. Later, the bears broke below the 12-day EMA ,the 26-day EMA and the crypto fell to the low of $0.33.
Today, the crypto is still likely to find support at the $0.29 or $0.28 price level because the price is below the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic indicator is in the oversold region but above the 20% range indicating that XRP price is in a bullish momentum and a buy signal.
XRP/USD Short-term Trend: Bearish
On the 1-hour chart, the price of XRP is in a bearish trend zone. Yesterday, the XRP had a price rally which made the bulls to reach the high of $ 0.40. The bears pulled back price and took price to the low of $0.33 price level.
The crypto’s price is now ranging above the $0.33 price level. The MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic is out of the oversold region but above the 40% range which indicates that price is in a bullish momentum and a buy signal.
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