After a bearish start to the year 2021, XRP prices were on an upswing till 8th January, when prices reached $0.3414. However, the bull-run could not be sustained and since 11th January, prices are on a downswing. After a positive start to the past week, prices hit a low point of $0.2439 on 27th January, falling by 6.51%. XRP prices closed at $0.2504 reversing the gains of 26th January. The past 24 hours, however, have been a roller coaster ride with intermittent bullish and bearish signals. https://ift.tt/3ot8JtP Predictions for XRP in the Week Ahead Today, the opening price of XRP was $0.2506. Currently, it is trading at $0.2559. Currently, the RSI indicator is at 56.36%. The prices went past the 75% mark for some time indicating that the crypto was being overbought/overvalued. High demand exerted downward pressure on the prices. Thus, they faced rejection at 75% and started falling. However, at some time the prices fell below the 30% mark indicating the crypto was being oversold. Thereafter, prices started rising again and RSI is showing bullish momentum. The AO indicator is currently cutting the ‘zero line’ from below. This means there is a selling opportunity. The prices are expected to rise further. So, the AO indicator is also pointing towards a bull-run. If you look at the MACD indicator, both MACD and average lines had a zero crossover and are currently negative. This is indicative of bearish momentum. However, a ‘bullish crossover’ by the MACD line over the average line paints a different picture. A steep downward movement of the A/D line indicates immense selling pressure. But, XRP prices are not falling massively. So a bear cannot be confirmed. With mixed signals from different indicators, a bullish trend can be expected if prices break out at the first resistance level of $0.2647. Currently, XRP is trading close to the first support level of $2567. If the prices keep breaching the subsequent support levels too then maybe a bear-run is on the horizon. A price fall below $0.2478 confirms a bearish trend.
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