XRPUSD Medium-term Trend: Ranging
- Resistance Levels: $0.56, $0.58, $ 0.60
- Support Levels: $0.29, $0.27, $0.25
The XRPUSD pair is in a sideways trend. On February 8, it was technically assumed that the bearish trend was over. On February 11, the price made a pullback, as the downward correction made the crypto to fall to the low of $0.30. The bulls were able to hold on to the $0.30 price level for days before showing positive signs.
Yesterday, the crypto’s price was making a bullish movement to break the 12-day EMA and the 26-day EMA. On the upside, if the bulls break above the EMAs and the price is sustained above it, the crypto will reach the previous highs of $0.33 and $0.40 price levels. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that the price is in a sideways trend.
XRPUSD Short-term Trend: Ranging
On the 4-hour chart, the XRP price was in a sideways trend zone. On February 8, the bulls broke the bearish trend line as the price reached a high of $0.32. The crypto was resisted and price was in a sideways trend.
On February 12, the crypto’s price was making a series of higher highs and higher lows but was resisted again. The crypto’s price is above the EMAs which indicates that the price is likely to rise. Meanwhile, the stochastic is above the 60% range which indicates that the XRP price is in a bullish momentum and a buy signal.
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