Resistance Levels: $0.40, $0.35, $ 0.30
Support Levels: $0.30, $0.25, $0.20

Last week the XRP price was in a sideways trend. The cryptocurrency was fluctuating between the levels of $0.36 and $0.30. The range-bound levels were not broken but the price was resisted on August 28, and September 1, at a price of $0.35. The cryptocurrency fell to its previous low resumed its range bound movement at a price of $0.33.

Today, the cryptocurrency is falling because of lack buying interest at the upper level of price range. However, the MACD line and the signal line are above the zero line which indicates a buy 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 44 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the XRP price is in a bearish trend. The XRP price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

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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