XRP/USD Medium-term Trend: Bearish

Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0., $0.43, $0.41

Yesterday, October 11, the XRP price was in a bearish trend. The digital currency has fallen to the low of $0.38 but pulled back above the $40 price level. However, if price breaks below this level, XRP price is likely to revisit September lows. On the other hand, if the bulls are in control, the digital currency will have to reach the high of $0.50 price level.

At this level, XRP will resume its uptrend. Meanwhile, traders should look out for buy setup in anticipation of a bullish trend. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. The cryptocurrency fell to the low of $0.38 and it is commencing a bullish trend. Meanwhile, XRP price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

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

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