Daily forecast of XRP prices – 2 January

Medium-term trend XRP / USD: variable

• Resistance levels: $ 0.61, $ 0.63, $ 0.65
• Support levels: $ 0.29, $ 0.28, $ 0.26

Yesterday, January 1, the XRP price was in a lateral trend. The encrypted price was fluctuating between the levels of $ 0.36 and $ 0.37. Yesterday, the price of the crypt broke the 12-day EMA and the 26-day EMA, but it is still limited. The 12-day EMA and the 26-day EMA are horizontally flat and indicate a lateral trend. The price of XRP is likely to occur a price breakout in a couple of days to come.

However, if the price eventually breaks below the $ 0.36 level, the crypt will find support at the $ 0.33 level. Meanwhile, the stochastic is out of the oversold region approaching the 80% range, indicating that the price is in a bullish momentum and a buy signal.

Short-term trend XRP / USD: variable

In the 1 hour chart, the price of XRP is in an uptrend. The price of the crypto is higher than the 12-day EMA and the 26-day EMA which indicates that the price is expected to rise. The price of the crypt varies to the level of $ 0.37 because it is faced with resistance at the level of $ 0.38.

If the price level of $ 0.38 is on the upside, the crypt is likely to rise. On the other hand, if the price level of $ 0.36 is broken down, the crypt will fall to a minimum of $ 0.33.

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