The XRP price is in an upward price movement and it is trading at $0.33. The crypto is likely to reach the $0.40 price level,if price is sustained above the EMAs.

Yesterday, the XRP price is in a bullish trend zone. The XRP price is making a series of higher highs and higher lows. Yesterday, the bulls broke the $0.31 resistance level. A trend line is drawn showing the support level where traders can initiate long trades. As at the time of writing, the bullish trend is ongoing because the trend line is unbroken.

A trend is said to be terminated if the trend line is broken and the following candlestick is closed on the opposite of it. The crypto’s price is expected to rise but may face resistance at the $0.33 price level. Meanwhile, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the XRP price is in a bullish trend zone. The crypto’s price is in a smooth uptrend. Meanwhile, the crypto is facing resistance at the $0.33 price level. A bearish candlestick is breaking the 12-day EMA. However, if the bears break the EMAs, the crypto will be in the bearish trend zone.

This will result in price depreciation. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto's price is above the EMAs which indicate that price is in the bullish 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.

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