2019-2-1 10:08 |
Yesterday, January 31, the XRP price was in the bearish trend zone. Yesterday, the bulls failed to break the resistance at the $0.33 price level, as the crypto fell from $0.34 to the low of $0.30. The crypto has fallen to the bearish trend zone which indicates that price will continue its downward fall.
On the downside, if the bearish trend continues, the crypto will revisit the previous low of $0.28 . On the upside, the bulls will have to break again the EMAs for the crypto to resume its uptrend. 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 below the zero line which indicates a sell signal.
XRP/USD Short-term Trend: BearishOn the 1-hour chart, the XRP price is in a bearish trend zone. On January 30, the bulls reached a high of $0.34. The following day the bears erased all the bullish gains of the previous day, as the price fell to the low of $0.30. The crypto is trading and approaching the $0.29 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell 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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