XRPUSD Medium-term Trend: Ranging
Resistance Levels: $0.50, $0.52, $ 0.54
Support Levels: $0.40, $0.38, $0.36
The XRPUSD pair is still trading under a tight range bound movement. On October 29, the XRP price broke out from its range bound movement and fell to the low of $0.44 .It commenced a bullish movement to the previous high. However, the 12-day EMA and the 26-day EMA is now acting as a resistance to the XRP price. The price bars and the exponential moving averages (EMAs) are horizontally flat.
From the indicator, the Stochastic is above 20 which indicates a buy signal.Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the price is in the bearish trend zone
XRPUSD Short-term Trend: Bullish
On the short term trend, the XRP price is in a bullish trend. The crypto’s price will face resistance at the $0.47 price level. From the chart, the stochastic is above 80 which indicates that the momentum is high but appears to be falling. The XRP price is above the 12-day EMA and the 26-day EMA which indicates that the price is in the bullish trend zone.
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