XRP Long-Term Price Forecast- January 12

eToro Crypto Analyst Concludes Ripple's Coin XRP is Not a Security but Community is Overly Aggressive

XRP /USD Price Long-term Trend: Ranging

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

The price of XRP/USD pair had been in a sideways trend in the last ten days. The crypto’s price was fluctuating between the levels of $0.34 and $0.38. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $0.33. From the weekly chart, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that the crypto’s price is likely to fall. However, if the bears continue their bearish move the crypto will find support at the $0.30 price level.

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

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

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