2019-2-2 09:31 |
XRP /USD Price Long-term Trend: Ranging Supply levels: $0.56, $0.58, $ 0.60 Demand levels: $0.30, $0.28, $0.26
The price of XRP/USD pair was in a bearish trend zone. The crypto has an opening balance of $0.36 and a closing balance of $0.31 as at January 31. The XRP price also lost about 13.88% of its capitalization in the month of January. In the first week of January, the crypto was in a sideways trend.
The crypto’s price was fluctuating below and above the 12-day EMA and the 26-day EMA. On January 10, the bears took price to the bearish trend zone. The crypto fell to the low of $0.33 and continued its downward fall. The bulls have failed to break above the EMAs. However, on January 30, the bulls break the 12-day EMA but failed to break the 26-day EMA.
Today, the XRP price is trading at $0.31 as at the time of writing. Meanwhile, the stochastic is in the oversold region but below the 20% range. Which indicates that the price is in a bearish momentum and a sell signal. In addition, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates 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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