2019-2-16 08:39 |
XRP /USD Price Long-term Trend: Bearish Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.30, $0.28, $0.26
The XRP/USD pair had been in the bearish trend zone in the month of January. The crypto’s price had been trading as the price fell from the high of $0.36 to the low of $0.31 in the month of January. In other words, the crypto lost about 13.88% of capitalization in the month of January. On February 8, the bulls broke the 12-day EMA and the 26-day EMA.
The crypto’s price reached a high of $0.32 but the price made a pulled back to the low of $0.30. The XRP price is ranging at $0.30 after the downward correction. In the nearest future, the cryptocurrency is likely to resume its bullish trend.
The crypto will commence a bullish movement after the range bound movement. Meanwhile, the MACD line and the signal line are below the zero lines which indicate 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.
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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