Yesterday, February 5, the XRP price was in the bearish trend zone. The crypto's price was ranging below the 12-day EMA and the 26-day EMA when a bullish candlestick broke the 12-day EMA. Yesterday, the 26-day EMA resisted price and the bears broke the $30 price level as price fell to the previous low of $ 0.29.

On the downside, if the bearish trend continues the crypto's price will revisit the previous low of $0.28. 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 3, the 12-day EMA and the 26-day EMA are trending horizontally. The crypto's price has been ranging below the EMAs at the price of $0.30. On February 5, the bulls broke above the EMAs but the crypto was resisted.

The price of XRP is now in a downward 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.

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