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Long-term price forecast XRP – 12 January

eToro Crypto Analyst concludes that the Ripple XRP currency is not a security but the community is excessively aggressive

Long-term trend in the XRP / USD price: variable

  • Offer levels: $ 0.56, $ 0.58, $ 0.60
  • Demand levels: $ 0.30, $ 0.28, $ 0.26

The price of the XRP / USD pair has undergone a sideways trend over the last ten days. The price of the crypt was between the levels of $ 0.34 and $ 0.38. On 10 January the bears broke the 12-day EMA, the 26-day EMA and the price fell to a low of $ 0.33. From the weekly chart, the XRP price is lower than the 12 day EMA and the 26 day EMA which indicates that the price of encryption is likely to decrease. However, if the bears continue their bearish move, the crypt will find support at the price level of $ 0.30.

The MACD line and the signal line are below the zero line indicating a sales signal. Furthermore, the stochastic indicator is outside the oversold region but above the 20% range indicates that the price of XRP is in a bullish momentum and a buy signal.

The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.

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