Yesterday, January 15, the XRP price was in the bearish trend zone. The crypto’s price fell to the low of $0.33 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. Since the crypto’s price is below the EMAs, XRP price may likely fall again.

The crypto may revisit the previous low of $0.32. Meanwhile, the stochastic indicator is out of the overbought region but above the 20% range indicating that XRP price is in a bullish momentum and a buy signal. 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 January 15, the crypto’s price fell to its low at $0.32 and commenced a bullish movement. The bulls are testing the 12-day EMA and the 26-day EMA with a view to breaking them. The XRP price will rise if the bulls break above the EMAs.

The stochastic is out of the oversold region but above the 80% range which indicates that price is in a strong bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

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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