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XRP/USD Medium-term Trend: Ranging

Resistance Levels: $0.32, $0.34, $ 0.36
Support Levels: $0.22, $0.20, $0.18

Last week the XRP price had been in a sideways trend. Price had been fluctuating between the levels of $0.28 and $ 0.26.The cryptocurrency was facing resistance at the price of $0.27. The selling pressure overpowered the progressing bulls from advancing. Today, it is assumed that the $0.27 price level is assumed to have been broken.

Price is expected to rise to the high of $0.30.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. Nevertheless, the Relative Strength Index period 14 is level 55 which indicates that price is in a sideways trend.

XRP/USD Short-term Trend: Bullish

On the 1-hour chart, the XRP price is in a bullish trend. The XRP price is above 12-day EMA and the 26-day EMA which indicates that price is rising. Also, the MACD line and the signal line are above the zero line which indicates a buy 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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