Ripple Price Analysis: XRP Flat, Ripple Ledger Impregnable David Schwartz Reiterates

XRP/USD Medium-term Trend: Bearish

  • Resistance Levels: $ 0.61, $0.63, $ 0.65
  • Support Levels: $0.36, $0.34, $0.32

Yesterday, January 9, the XRP price was in a bullish trend. The crypto’s price fell to the low of $0.36 and then commenced a bullish movement to break the 12-day EMA and the 26-day EMA. Today the crypto’s price is in the bullish trend zone and the XRP price had a price rally which resulted in the high of $0.40.

However, the bears made a pullback to the low of $0.35. Meanwhile, the stochastic indicator is out of the overbought region but below the 60% range indicating that XRP price is in a bearish momentum and a sell signal.

Short-term Trend: Bearish

On the 1-hour chart, the price of XRP is in a bullish trend zone. Yesterday, the crypto’s price was below the 12-day EMA and the 26-day EMA. At the support of the 12-day EMA and the 26-day EMA, the crypto had a price rally that made the crypto reach the high of $ 0.40.The crypto has fallen to the previous price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

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