Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bullish

Resistance Levels: $0.50, $0.52, $ 0.54                                                                                                               

Support Levels: $0.40, $0.38, $0.36   

The XRP price had been in a bullish trend since last week. On November 4, the bullish trend reached a high of $0.47. The crypto’s price could not proceed to the $0.50 price level because of the resistance at $0.47. On October 30, the crypto price was making a series of higher highs and high lows. Later, the bears broke the bullish trend line which resulted into a sideways trend.

The XRP price is not likely to reach the high of $0.50 to break it, as price moves in a sideways trend. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Meanwhile, the Relative Strength Index period 14 is 52  which confirms that price is in the sideways trend zone.

XRPUSD Short-term Trend: Bearish trend  

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View
                 

On the short term trend, the XRP price is in a bearish trend. The crypto is in a downward trend after its failed attempt at the resistance of  $ 0.47.The crypto’s price is in the bullish trend zone as price is above the 12-day EMA and the 26-day EMA. Meanwhile, the Relative Strength Index period 14 is level  55 which indicates that the price is in a sideways trend zone.

 

 

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