2019-2-2 09:31 |
XRP /USD Price Long-term Trend: Ranging Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.30, $0.28, $0.26
The price of XRP/USD pair was in a bearish trend zone. The crypto has an opening balance of $0.36 and a closing balance of $0.31 as at January 31. The XRP price also lost about 13.88% of its capitalization in the month of January. In the first week of January, the crypto was in a sideways trend.
The crypto’s price was fluctuating below and above the 12-day EMA and the 26-day EMA. On January 10, the bears took price to the bearish trend zone. The crypto fell to the low of $0.33 and continued its downward fall. The bulls have failed to break above the EMAs. However, on January 30, the bulls break the 12-day EMA but failed to break the 26-day EMA.
Today, the XRP price is trading at $0.31 as at the time of writing. Meanwhile, the stochastic is in the oversold region but below the 20% range. Which indicates that the price is in a bearish momentum and a sell signal. In addition, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.
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