Yesterday, February 4, the XRP price was in the bearish trend zone. The crypto’s price fell and reached the previous low at the $0.30 price level. If price breaks the $0.30 price level, the crypto is likely to revisit the previous low at $0.28.

However, if the bears fail to break the $0.30 price level, traders should initiate long trades in anticipation of a bullish trend. 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.

On the 1-hour chart, the XRP price is in a bearish trend zone. On February 4, the bulls broke the 12-day EMA but were repelled by the 26-day EMA. The crypto’s price is falling and on a downtrend. The crypto’s price is approaching the $0.30 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 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.

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