2019-1-31 12:01 |
Yesterday, January 30, the XRP price was in the bullish trend zone. On January 29, the XRP price fell to its previous low of $0.28. The bulls defended the support level as the bears failed to break below the price level. On January 30, the bulls broke the 12-day EMA, the 26-day EMA as price reached the bullish trend zone.
The crypto’s price is trading at the $33 price level, if the bulls overcome the resistance at the $0.33 price level, the crypto could face another resistance at the $0.38 price level. Meanwhile, the crypto’s price is above the EMAs which indicate that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.
XRP/USD Short-term Trend: BullishOn the 1-hour chart, the XRP price is in a bullish trend zone. On January 29, the crypto fell to the low of $0.28 and commenced a range bound movement below and above the price level. On January 30, the bulls broke the 12-day EMA, the 26-day EMA as price reached the $0.33 price level.
The crypto’s price is facing resistance at the $0.34 price level and price is retracing to the 12-day EMA. It is likely that price will resume its bullish movement after testing the 12-day EMA. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto's price is above the EMAs which indicates that price is in the bullish 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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