XRPUSD Medium-term Trend: Ranging
Resistance Levels: $0.50, $0.52, $ 0.54
Support Levels: $0.40, $0.38, $0.36
Yesterday, the XRPUSD pair was in a sideways trend. From the chart, the price action shows Doji and Spinning tops candlesticks indicating that the bulls and the bears are said to be in equilibrium at the $0.46 price level. The consequence is that as the price is consolidating at the $0.46 price level; there is a likelihood of a price breakout.
A bullish breakout will ensure the $0.50 price level is broken. Then as the price is sustained above the $0.50 price level, the XRP price will likely commence its uptrend to the highs of $0.55, $0.60 and $0.70. On the other hand, if the price breaks below the $0.46 price level, the crypto will find support at $0.38. Meanwhile, the Relative Strength Index period 14 is level 50 which indicates that the XRP price is in a sideways trend.
XRPUSD Short-term Trend: Ranging
On the short term trend, the XRP price is range bound. The crypto’s price bars, the 12-day EMA and 26-day EMA are horizontally flat indicating a sideways trend. The XRP price is below the exponential moving averages indicating that th eprice is in the bearish trend zone.
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