XRPUSD Medium-term Trend: Bullish
Resistance Levels: $0.55, $0.57, $ 0.59
Support Levels: $0.50, $0.48, $0.46
The XRP price was in a range bound movement yesterday. After a price correction, the bulls took the price to the high of $0.54 but the price pulled back to the low of $0.51. The digital currency had been range bound above the $0.51 price level in the last 24 hours. It is likely that the XRP price will continue its range bound movement for some days before embarking in an uptrend.
Traders are advised to suspend trading until the direction of the market is clear. Meanwhile, XRP price is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.
XRPUSD Short-term Trend: Ranging
On the 4-hour chart, the price of XRP is in a range bound movement. The XRP price is said to be in a range bound movement at the price of $0.52. The price is above 12-day EMA and the 26-day EMA which indicates that the price is rising. The Relative Strength Index period 14 is level 52 which indicates that the price is in the sideways trend zone.
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