2019-2-7 09:50 |
Yesterday, February 6, the XRP price was in the bearish trend zone. Yesterday, the XRP price fell as a result of the resistance by the 12-day EMA. The crypto's price fell to the low of $0.29 and commenced a range bound movement. On the downside, if the bulls fail to break above the EMAs, the crypto's price will revisit the previous low of $0.28.
On the upside, if the bulls break the EMAs and price is sustained above it, the crypto will resume the bullish trend and retests the $0.33 price level. 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.
XRP/USD Short-term Trend: BearishOn the 1-hour chart, the XRP price is in a bearish trend zone. On February 6, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $0.29. Presently, the crypto's price is ranging at the $0.29 price level. The price is attempting to break 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 below 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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