Resistance and support levels for Ripple (XRP):
Resistance level: $0.50, $0.53, $0.65
Support level: $0.45, $0.43, $0.36
Ripple (XRP) Medium-term Price Analysis: Ranging
XRP continues its ranging movement in its long-term trend. Buyers and sellers are yet to gain momentum that will move the market from the consolidation phase. The bears further prevented the uptrend movement of XRP with the formation of more bearish candles that is making the coin retest the support level of $0.45. As a result of the retest, the bears lost the pressure and could not push XRP’s price down further and the bulls couldn’t either
More buyers are needed to required to enter the market in order to move the price to the higher resistance level of $0.53, in case the resistance level of $0.50 gets broken up by the bull.
The coin is now trading on both the 10-day EMA and the 50-day EMA; with the two EMAs interlocked indicating an ongoing consolidation. The RSI 14 is above the 40 levels and its signal line points to the north indicate buy signal. In case the support level of $0.45 breaks, the pair will find its low at the support level of $0.43.
Ripple (XRP) Short-term Price Analysis: Ranging
XRP was ranging yesterday. There was neither a definite increase nor decrease in XRP’s price yesterday. 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 $0.43.
However, the RSI is above 40 levels and its signal lines point to the south, which connotes a sell signal.