Yesterday, January 23, the XRP price is in the bearish trend zone. The XRP price had been trading in the support zone in the last four days. The bulls have failed to break above the 12-day EMA and the 26-day EMA in the last four days.

Today, the bears have broken the $0.32 price level but there was a pullback from the low. Traders should exit their long trades as the price action is in favor of the bears. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal line.

On the 1-hour chart, the XRP price is in a bearish trend zone. The bears have tested the $0.31 price level but price pulled back to the $0.32 price level on each occasion. At the same time, the bulls face resistance at the EMAs, as the crypto fails to break above the $0.32 price level. Meanwhile, the crypto’s price is below the 12-day EMA and 26-day EMA which indicates that price is likely to fall.

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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