XRP Daily Price Forecast – February 6
XRP/USD Medium-term Trend: Bearish
Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.28, $0.26, $0.24
Yesterday, February 5, the XRP price was in the bearish trend zone. The crypto's price was ranging below the 12-day EMA and the 26-day EMA when a bullish candlestick broke the 12-day EMA. Yesterday, the 26-day EMA resisted price and the bears broke the $30 price level as price fell to the previous low of $ 0.29.
On the downside, if the bearish trend continues the crypto's price will revisit the previous low of $0.28. Meanwhile, the crypto’s price is below the EMAs which indicate that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.
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