XRPUSD Medium-term Trend: Bullish
Resistance Levels: $0.59, $0.61, $ 0.63
Support Levels: $0.55, $0.53, $0.51
Last week the XRP price had been fluctuating above the $0.53 price level. On September 30, the cryptocurrency reached the high of $0.62 but price pulled back to the low of $0.56. The bulls could not progress beyond the $0.60 price level because of the resistance at that level.
The cryptocurrency is likely to be in a range bound movement having been resisted. 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 price broke the bullish trend line resulting in a range bound movement. The XRP price is also above the 12-day EMA and 26-day EMA which indicates that 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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