Resistance and support levels for Ripple (XRP):
Resistance level: $0.55, $0.60, $0.65
Support level: $0.44, $0.36, $0.30
Ripple (XRP) Medium-term Price Analysis: Bearish
The bears are preventing further uptrend movement of XRP by the formation of more bearish candles which is making the coin to retest the support level of $0.44. The cryptocurrency is returning bearish. The buyers are gradually losing control of the market as the market gradually decreases toward the support level of $0.44. More buyers are required to come into the market in order to move the price to the higher level of resistance of $0.55 in case the resistance level of $0.50 gets broken up side by the bull and that is if the support level of $0.44 holds.
The 4-day EMA is about to cross the 50-day EMA downside. The coin is now trading between the 4-day EMA and the 50-day EMA, indicating that a downtrend is ongoing. The RSI 14 is above the 55 levels and its signal line points to the south which indicates a sell signal. In case the support level of $0.44 breaks the pair will find its low at the support level of $0.36.
Ripple (XRP) Short-term Price Analysis: Bearish
The pair is returning bearish. XRP was bullish in its short-term outlook yesterday. The price is making a gradual and steady decrease in price due to the incoming of bears in the market. In case the bears increase their momentum and the support level of $0.44 does not hold, it will find its low at the support level of $0.36.
However, the Stochastic Oscillator is above 50 levels and its signal lines pointing to the north connotes buy signal.