Yesterday, January 29, the XRP price was in the bearish trend zone. Yesterday, the bears have been testing the $0.28 and the $0.29 price levels. On January 28, the crypto's price fell to the low of $0.29. On January 29, the crypto's price fell to the low of $0.28. At each bullish movement, the bulls have been resisted by the 12-day EMA.

On the downside, if the bears break the $0.28 price level, the crypto may find support at the $0.26 price level. This was the previous low of September 11, 2018. On the upside, the bulls have to break above the EMAs and the price sustained above it. Then the bulls will resume their bullish movement. Meanwhile, the crypto’s price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.

On the 1-hour chart, the XRP price is in a sideways trend zone. On January 28, the crypto fell to its low but made bullish movement to the EMAs and were resisted. On January 29, the bulls break above the EMAs but the bears brought the price to the bearish trend zone. Today the crypto is still ranging 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 fluctuating above the EMAs.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

159 +