2019-1-3 10:07 |
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.29, $0.28, $0.26
Yesterday, January 2, the XRP price was in a bullish trend. The crypto’ price is above the 12-day EMA and the 26-day EMA which reached the high of $0.39 price level. The XRP price was resisted at the $0.38 price level. The crypto’s price is now retracing again to the previous levels below the EMAs.
The two critical levels to watch out for are the $0.36 and the $0.38 price levels. If the bears break below the $0.36 price level, the crypto will resume its downward trend. On the other hand, if the bulls break above the $0.38 price level and the price is sustained, the crypto will commence its uptrend movement. Meanwhile, the stochastic is out of the overbought region but below the 80% range indicating that XRP price is in a bearish momentum and a sell signal.
XRP/USD Short-term Trend: BullishOn the 1-hour chart, the price of XRP is in a bullish trend. The crypto is in a smooth uptrend. The XRP price is also making a series of higher highs and higher lows. After the resistance, the crypto broke the 12-day EMA to the downside but 26-day EMA became a support level. The XRP price is now ranging at the $0.38 price level. The stochastic indicator is out of the overbought region but above the 20% range which indicates that XRP price is in a bullish momentum and a buy 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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