Resistance and support levels for Ripple (XRP):
Resistance level: $0.50, $0.55, $0.59
Support level: $0.46, $0.43, $0.39, $0.37
Ripple (XRP) Medium-term Price Analysis: Bullish
XRP is still bullish in its medium outlook. The buyers are still in control of the market as the market gradually increases toward the resistance of $0.50. More buyers are required to enter the market in order to move the price to a higher level resistance of $0.55 in case the resistance level of $0.50 gets broken by the bull.
The 4-day EMA has crossed the 50-day EMA upside. The coin is now trading above the 4-day EMA and the 50-day EMA, indicating further upward movement. The RSI 14 is above the 65 levels and its signal line points to the north indicating a buy signal. In case the support level of $0.46 holds and the bulls increase their momentum, the coin will further move up to the north.
Ripple (XRP) Short-term Price Analysis: Bullish
XRP is still bullish in its short-term outlook. The price has been making gradual and steady increment in price since October 8. Yesterday, more buyers came into the market and pushed the price up to the north by breaking out the resistance level of $0.55.
The Stochastic Oscillator is above 50 levels and its signal lines point to the north connoting a buy. The price may carry out retracement and continue its uptrend today