Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.45, $0.43, $0.41

Last week, October 8, XRP price had been fluctuating below the $0.50 price level. Since October 6, the crypto’s price fell below the $0.50 price level and had not been able to break upward the $0.50 price level. As a result, the price fell to the low of $0.38 on October 12 but managed to recover to the upside.

However, the digital currency made bullish movement to the high of $0.43 and commenced a range bound movement. Price has reached the oversold region and it is expected to rise. Traders are to look out for buy setups in order to initiate long trades. Nevertheless, 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 above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing.

On the 1-hour chart, the XRP price is in a bullish trend. Meanwhile, the 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 BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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