XRP/USD Medium-term Trend: Bearish Resistance Levels: $ 0.61, $0.63, $ 0.65 Support Levels: $0.32, $0.30, $0.28

Yesterday, January 28, the XRP price was in the bearish trend zone. The crypto’s price fell to the low of $0.29 and commenced a bullish movement. The bearish movement brings to an end the tight range bound movement between the levels of $0.31 and $0.33. However, it was earlier suggested that if the bears broke the $30 price level, the crypto would find support at the previous low of $0.28.

Today, the crypto’s price is back to the $0.30 price level after falling to the low of $0.29. It is currently trading at the $0.28 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.

On the 1-hour chart, the XRP price is in a bearish trend zone. As the bears took price to the low of $0.30, the bulls are commencing a bullish movement to break the 12-day EMA and the 26-day EMA. The bullish candlesticks were resisted by EMAs as crypto’s price fell.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicate that price is likely to fall.

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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