XRP Daily Price Forecast – February 12

XRP/USD Medium-term Trend: Bearish

  • Resistance Levels: $ 0.61, $0.63, $ 0.65
  • Support Levels: $0.28, $0.26, $0.24

Yesterday, February 11, the XRP price was in the bearish trend zone. The bulls had earlier reached the high of $0.32 but were resisted. The price pulled back to the low of $0.30 in the bearish trend zone. The crypto ‘price is likely to further depreciate to the previous low of $0.30333. If the price falls to the previous low, traders should look out for buy setups to initiate long trades.

On the other hand, the bulls are making attempt at breaking above the EMAs, if they do, the crypto’s price will rise and retest the previous high of $0.33. Meanwhile, the crypto’s price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are above the zero line which indicates a buy signal.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the XRP price is in a bearish trend zone. Yesterday, the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price fell to the low of $0.30 and commenced a bullish movement to the EMAs.

If the bulls break above the EMAs, the XRP price will be in a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto's price is below the EMAs which indicate that price is in the bearish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Publication date: 
02/12/2019 - 09:11
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