Yesterday, February 7, the XRP price was in the bearish trend zone. Yesterday, the crypto's price fell to the low of $0.29 and commenced a range bound movement. The bulls are making attempt to break the 12-day EMA, the 26-day EMA and reach the bullish trend zone.

On the downside, if the bearish trend continues, the crypto will find support at the previous low of $0.28. On the upside, if the bulls break the EMAs, the crypto will retest the previous high of $0.33. 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.

On the 1-hour chart, the XRP price is in a bearish trend zone. On February 7, the crypto's price was fluctuating below and above the EMAs. The crypto's price is now in the bearish trend zone as the bulls are making attempt break above 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 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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