2019-2-18 08:05 |
Last week, the XRP price was in a sideways trend zone. On February 8, the bulls broke the 12-day EMA and the 26-day EMA as the price reached a high of $0.32. Immediately, the bears made a downward correction to the low of $0.30. The crypto's price had been range bound at the $0.30 price level in the previous week.
Also, 12-day EMA and the 26-day EMA were trending horizontally indicating the sideways trend. Last week it was assumed that the cryptocurrency is likely to have a price breakout or price break down. Meanwhile, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.
XRP/USD Short-term Trend: bullishOn 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. On February 17, the crypto ‘s price fell to the low of $0.30 and commenced a bullish movement.
The bulls broke the 12-day EMA and the 26-day EMA as the price reached a high of $0.31. The XRP price faces resistance as it was repelled at the $0.31 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto's price is above the EMAs which indicate that price is in the bullish 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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