Yesterday, January 1, the XRP price was in a sideways trend. The crypto’ price had been fluctuating between the levels of $0.36 and $0.37 . Yesterday, the crypto’s price broke the 12-day EMA and the 26-day EMA but it is still range bound. The 12-day EMA and the 26-day EMA are horizontally flat indicating a sideways trend. XRP price is likely to encounter a price breakout in a couple of days to come .

However, if price eventually breaks below the $0.36 price level, the crypto will find support at the $0.33 price level. Meanwhile, the stochastic is out of the oversold region approaching the 80% range indicating that price is in a bullish momentum and a buy signal.

On the 1-hour chart, the price of XRP is in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The crypto’s price is ranging at the $0.37 price level because it is facing resistance at the $0.38 price level.

If the $0.38 price level is broken to the upside, the crypto is likely to rise. On the other hand, if the $0.36 price level is broken to the downside, the crypto will fall to the low of $0.33.

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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