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XRP/USD Medium-term Trend: Bearish
- Resistance Levels: $ 0.61, $0.63, $ 0.65
- Support Levels: $0.32, $0.30, $0.28
Yesterday, January 15, the XRP price was in the bearish trend zone. The crypto’s price fell to the low of $0.33 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. Since the crypto’s price is below the EMAs, XRP price may likely fall again.
The crypto may revisit the previous low of $0.32. Meanwhile, the stochastic indicator is out of the overbought region but above the 20% range indicating that XRP price is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.
XRP/USD Short-term Trend: Bullish
On the 1-hour chart, the XRP price is in a bearish trend zone. On January 15, the crypto’s price fell to its low at $0.32 and commenced a bullish movement. The bulls are testing the 12-day EMA and the 26-day EMA with a view to breaking them. The XRP price will rise if the bulls break above the EMAs.
The stochastic is out of the oversold region but above the 80% range which indicates that price is in a strong bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell 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.
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.