XRP/USD Medium-term Trend: Ranging
Resistance Levels: $0.40, $0.41, $ 0.42
Support Levels: $0.33, $0.34, $0.36
Yesterday, August 30th, the XRP price was in a sideways trend. The cryptocurrency was resisted at the upper level of price range and it fell back to the range bound zone. The price fell to the low of $0.32 and resumed its range bound movement. Today, the XRP price is making a bullish movement approaching the price at $0.33. The XRP price will continue its range bound movement for some days to come.
Meanwhile, the XRP price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the Relative Strength Index period 14 is level 4 which indicates that price is in the sideways trend zone.
XRP/USD Short-term Trend: Bullish
On the 1-hour chart, the XRP price is in a bullish trend. The XRP price is above the 12-day EMA and the 26-day EMA which indicates that a bullish 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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Published on

2018-08-31 16:15:39

Author

Azeez M

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