XRP/USD Trend opinion

in xrp •  6 years ago 

Bullish trending

Resistance: $ 0.61, $0.63, $ 0.65
Support1: $0.40, $0.38, $0.36

On Oct.17, XRP price was in a bullish trend. On Oct. 15, XRP had a price rally and price reached the high of $0.52 but pulled back to the low of $0.46. The price fell because of the resistance at $0.50. And continued bullish movement to the high of $0.49 but was resisted again and it fell to the low of $0.48.
The price is now in a range bound movement at the $0.48 price level. The crypto's price is making attempt to break the resistance at $0.50. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In the same vein.

XRP/USD Short-term Trend: Ranging

On the 1-hour chart, we get a sideways drift . Along with that, the XRP price is above the 12-day EMA and the 26-day EMA which indicates a bullish trend. The crypto's price is likely to rise as the price is in the bullish trend zone

(This is not a financial advise, invest on your own)

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