XRPUSD Medium-term Trend: Ranging
Resistance Levels: $0.34, $0.36, $ 0.38
Support Levels: $0.30, $0.28, $0.26
XRP’s price was in a bullish trend yesterday. The presence of more buyers than sellers at the $0.27 mark could’ve been behind a sudden bullish movement it saw, which led it to $0.34. The cryptocurrency had been hovering around the $0.27 mark before breaking it. With this, XRP is now out of the range bound zone at the $0.26-$0.28 zone.
XRP is now in its previous range bound zone, between $0.36-$0.30. Its price is currently fluctuating above the $0.32 price level which is a new support. Traders should look out for buy setups to initiate long trades. Nevertheless, the price is above the 12-day EMA and the 26-day EMA which indicates a bullish trend is ongoing. The MACD and signal lines are below the zero line which indicates a sell signal.
XRPUSD Short-term Trend: Bullish
On the 4-hour chart, the price of XRP is in a bullish trend. The price is above the 12-day EMA and the 26-day EMA which indicates the bullish trend is ongoing . The Relative Strength Index period 14 is level 69 which indicates that price is in the bullish trend zone.
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