XRP Daily Price Forecast – October 3

2018-10-3 10:12

XRP/USD Medium-term Trend: Bearish

Resistance Levels: $0.61, $0.63, $ 0.65
Support Levels: $0.53, $0.51, $0.49

Yesterday, October 2, the XRP price was in a bearish trend. The digital currency is now falling and approaching the $0.50 price level. If while in the bearish trend the $0.50 price level is broken the digital currency may find support at $ 0.45. Traders should look out for buy setups if the price falls to the low of $0.45; so as to initiate long trades.

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. Nevertheless, the Relative Strength Index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the XRP price is in a bearish trend. The digital currency fell to the low of $50 and price is consolidating at that level so as to negotiate another direction. The XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.

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

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