Ripple, XRPUSDXRP Chart by TradingView

XRPUSD Medium-term Trend: Bullish

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.36, $0.34, $0.32

The XRP price is trading in the bullish trend zone. Yesterday, the price of XRP fell to the support at the 12-day EMA without breaking it. Also, the price was at the support of the $0.34 price level at the time of the previous article and it was presumed to resume another bullish trend.

However, the bears overcame the bulls and the $0.34 price level was broken. Today, the bulls are in control as earlier suggested. On the upside, the XRP price is expected at the $0.40 price level as suggested yesterday but the crypto’s price must be sustained above the 12-day EMA and the 26-day EMA.

However, if the price breaks below the EMAs, the crypto’s price is likely to fall. Meanwhile, the stochastic is in the overbought region but below the 80% range. This 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 in a bullish trend zone. Yesterday, the bears broke below the 12-day EMA and the 26-day EMA to reach the bearish trend zone. Ordinarily, the price is below the EMAs which make the price susceptible to fall. However, since the overall trend was bullish, the bulls took control and broke above the EMAs.

On the upside, if the price is sustained above the EMAs, the bulls will break the $0.37 price level. The XRP price may face resistance at the $0.37 price level. Nevertheless, the current trend line is unbroken indicating that the bullish trend is ongoing.

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.

 

 

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