Yesterday, January 16, the XRP price was in the bearish trend zone. The XRP price was consolidating in a tight range as the price fluctuates between the levels of $0.31 and $0.33. Yesterday, the crypto was in a bullish trend and the bulls were resisted at the $0.33 price level. Today, the crypto is in a bearish trend and price is falling.

If the bears break the $0.30 price level, the crypto is likely to find support at the $0.29 price level. Meanwhile, the stochastic indicator is out of the overbought region but above the 20% range indicating that XRP price is in a bullish momentum and a buy signal. 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 bearish trend zone. On January 16, the XRP price was in a bullish trend as it broke the 12-day EMA and the 26-day EMA but was resisted at the $0.33 price level. The crypto’s price is now in a downtrend as the price falls and it is approaching the $0.32 price level.

Meanwhile, the stochastic is out of the oversold region but above the 25% range indicating that the crypto is in a bullish momentum and a buy signal. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

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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