XRP/USD Medium-term Trend: Ranging
- Resistance Levels: $ 0.61, $0.63, $ 0.65
- Support Levels: $0.28, $0.26, $0.24
Yesterday, February 13, the XRP price was in a sideways trend zone. The cryptocurrency has established itself at the support of a $0.30 price level. On February 10, the crypto’s price made a downward correction as the price fell to the low of $0.30. At this low, the bulls broke the 12-day EMA and the 26-day EMA and reached the $0.31 price level.
On February 11, the bears brought the price to its low $0.30. This has been the scenario as the crypto is still trading at the support level of $0.30. Meanwhile, the crypto’s price is above the EMAs which indicate that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.
XRP/USD Short-term Trend: Ranging
On the 1-hour chart, the XRP price is in a sideways trend zone. On February 13, the crypto’s price fluctuates below and above the 12-day EMA and the 26-day EMA. At the 1-hour chart, the crypto’s price is below the EMAs. This indicates that the price is likely to fall.
If the bearish pressure continues, the crypto’s price will find support at the $0.29 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.
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