Ripple, XRPUSDXRP Chart by TradingView

XRPUSD Medium-term Trend: Bearish

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.30, $0.28, $0.26

The XRPUSD pair had been trading between the levels of $0.30 and $0.34 in the last one month.The bulls have not been able to break above the $0.34 price level. Also, the bears have not been able to break below the lower price level at $0.30. Today, the bears are in the bearish trend zone at the lower price level.

The crypto’s price is trading at $0.31 and the bulls are on course to break the 12-day EMA and the 26-day EMA. On the downside, the  $0.30 price level is likely to hold as the bears failed to break the level. In the month of February, the bears have tested the lower price range on more than three occasions. 

On the upside, if the bullish trend continues, the bulls are expected to break the  EMAs and reach the bullish trend. The crypto’s price is expected to retest the $0.34 resistance level. Meanwhile, the stochastic indicator is out of the overbought region but below the 40% range which indicates that the XRP price is in a bearish momentum and a sell signal.

 XRPUSD Short-term Trend: Bullish

Ripple, XRPUSDXRP Chart by TradingView

On the 4-hour chart, the XRP price is now in a bullish trend. Yesterday, the crypto’s price was trading in the bearish trend zone as the crypto tested the $0.30 price level and commenced a bullish movement. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its uptrend. Meanwhile, the stochastic indicator is out of the oversold region but above the 20 % range which indicates that the XRP price is in a bullish momentum and a  buy signal.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.