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XRP /USD Price Long-term Trend: Ranging
- Supply levels: $0.56, $0.58, $ 0.60
- Demand levels: $0.30, $0.28, $0.26
The XRP/USD pair was in a bearish trend zone. The crypto has an opening balance of $0.37 in the month of January 2019. The XRP price commenced trading on a range bound movement at the beginning of January 2019. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $0.33.
On January 13, the crypto fell again to the low of $0.31 to commence a range bound movement. The XRP price is in a tight range bound movement as it fluctuates between the levels of $0.32 and the $0.34. The MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.
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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.