.Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bearish

  • Resistance Levels: $0.56, $0.58, $ 0.60

  • Support Levels: $0.27, $0.25, $0.23

The XRPUSD pair is in the bearish trend zone as the bears broke the range bound movement. On January 28, the bears broke out of the tight range of $0.31 and $0.33 price levels to the low of $ 0.29. This was the previous low of December 15, 2018. As the crypto’s price reached the immediate support level of $0.29, the stochastic has fallen into the oversold region below the 20% range.

This indicates that the XRP price is in a strong bearish momentum and a sell signal. In other words, there had been more selling at the $0.29 price level. Today, the crypto is trading at the $0.29 price level. Meanwhile, the crypto’s price is below the EMAs which indicates that price is likely to fall. On the downside, if the bearish trend continues then the crypto will revisit the September 11 low of $0.26.

XRPUSD Short-term Trend: Bearish

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

On the 4-hour chart, the XRP price is in the bearish trend zone. On January 28, the bears broke the $0.30 price level to end the three weeks range bound movement. The bears tested the $0.29 price level but bulls pulled back price. The $0.30 price level is now a resistance level as the bulls were resisted and price fell to the $0.28 price level.

Today, the crypto is at the support level of $0.28 price level . Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of XRP is below the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall.

 

 

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