XRP Price Medium-term Trend: Ranging
Supply levels: $0.53, $0.55, $0.57
Demand levels: $0.48, $0.46, $0.44
Last week price of XRP was in a range bound movement between the levels of $0.26 and $0.33. On September 21, the bulls took control of the market and price reached the high of $0.78 but fell back to $0.56. Later, the cryptocurrency commenced a range bound movement.
Today, the price of XRP is falling and may fall to face resistance at the low of $0.36. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Similarly, the price of XRP is above the 12-day EMA and 26-day EMA which indicates that a bullish trend is ongoing.
XRP Price Short-term Trend: Ranging
On the 4-hour chart, the XRP price is in a sideways trend. But price is currently falling from its recent high of $0.56. Meanwhile, the Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.
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