XRP/USD Medium-term Trend: Bullish

  • Resistance Levels: $ 0.61, $0.63, $ 0.65
  • Support Levels: $0.30, $0.28, $0.26

Yesterday, February 12, the XRP price was in the bullish trend zone. The crypto’s price was trading at the $0.30 price level in the last three days. The crypto’s price was earlier in a downward correction after the price rally of February 8. Yesterday, the bulls broke the 12-day EMA, the 26-day EMA and price reached a high of $0.31.

The XRP price is likely to resume its uptrend. The crypto will rise to retest the previous highs of $0.33 and the $0.40. On the downside, if the bears break below the EMAs, the crypto will find support at the $0.30 price level. 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: Bullish

On the 1-hour chart, the XRP price is in a bullish trend zone. The crypto’s price had been in the bearish trend zone as a result of downward correction. The price correction is over as the bulls commenced a bullish movement above the EMAs. While in the bullish trend zone the crypto reached a high of $0.31 and was resisted.

Another attempt is made as the crypto’s price is revisiting the previous highs of $0.33 and the $0.40 . Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the EMAs which indicate that price is in the bullish 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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