Yesterday, February 14, the XRP price is in a sideways trend zone. The crypto’s price has continued to range at the $0.30 price level for the fifth day. The crypto’s price fluctuates below and above the 12-day EMA and the 26-day EMA. In the previous days, the bulls have not been able to go above the $0.31 price level.

On the other hand, the bears also have not been able to break the $0.30 price level. A price breakout or price breakdown will determine the direction of the price. The EMAs are trending horizontally indicating the sideways trend. Meanwhile, the crypto’s price is neither below nor above the EMAs which indicate that price is in a sideways trend zone. The MACD line and the signal line are at par with the zero line which indicates a neutral signal.

On the 1-hour chart, the XRP price is in a sideways trend zone. The crypto’s price is fluctuating above and below the 12-day EMA and the 26-day EMA. Whereas the EMAs are trending horizontally indicating that price is in a sideways trend.

The crypto’s price is below the EMAs as the bulls  broke above the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto's price is above the EMAs which indicate that price is in the bearish 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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