Yesterday, January 17, the XRP price was in the bearish trend zone. Yesterday, while in the bearish trend zone, the crypto fell from the $0.33 to $0.32. Then it commenced a bullish movement to the high of $0.33 again. Today, the cryptocurrency is falling from the recent high of $0.33 price level. This has been the scenario since January 15, when the crypto fell into the bearish trend zone.

On the upside, the price can rise and reach the high of $0.40 if the bulls break the 12-day EMA and the 26-day EMA and reached the bullish trend zone. Meanwhile, the stochastic indicator is out of the oversold region but above the 60% range indicating that XRP price is in a bullish momentum and a buy signal. 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. On January 17, the bulls broke the 12-day EMA, the 26-day EMA and reached the $0.33 price level. The bears are resisting price as the crypto’s price fluctuates above the EMAs.

Meanwhile, the stochastic is out of the overbought region but above 20% range indicating that the crypto is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are above the zero line which indicates a buy 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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