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

Yesterday, October 8, the XRP price was in a bearish trend. The XRP price had been bearish in the last 48 hours. The digital currency is approaching the lower level of price range after breaking it the first time. Presently, the digital currency ranges between the levels of $0.50 and $0.60.

However, if the digital currency continues its downward move it will revisit its previous low of $0.46. 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.

On the 1-hour chart, the XRP price is in a sideways trend. The XRP price fell to the low of $0.48 and is making a bullish movement to the range bound zone. The XRP price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Nevertheless, the Relative Strength Index period 14 is level 43 which indicates that the price is in the sideways 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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