XRPUSD Medium-term Trend: Bearish
Resistance Levels: $0.29, $0.31, $ 0.33
Support Levels: $0.25, $0.23, $0.21
Yesterday, the XRP price was in the bearish trend. Today, the price of the cryptocurrency has reached the high of $0.27. Unfortunately, the XRP price might not go further above the price level because of more sellers at that price level.
Traders should exit long trades and wait for the direction of the market. Price is likely to fluctuate below the price of $0.27. Nevertheless, the price is below 12-day EMA and 26-day EMA which indicates that the bearish trend ongoing. The MACD line and the signal line are below the zero line which indicatea a sell signal.
XRPUSD Short-term Trend: Bullish
On the 4-hour chart, the price of XRP is in a bullish trend. The XRP price is in a bullish movement to the high of $0.27. Price is trending horizontally at the resistance level. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend.
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