Price Analysis

Ripple (XRP) Price Analysis | Daily Price Analysis | October 24, 2018

XRP Price Analysis

Resistance and support levels for Ripple (XRP):

Resistance level: $0.50, $0.53, $0.65

Support level: $0.45, $0.43, $0.40

Ripple (XRP) Medium-term Price Analysis: Bullish

XRP Medium-term Price Analysis | October 24, 2108

XRP/USD was bearish yesterday in its medium-term trend. The sellers gained momentum and were able to move the market from the consolidation phase by breaking down support level of $0.45 to the support level of $0.43. The bulls prevented a further downtrend movement of the coin with the formation of a bullish engulfing candle, followed by more bullish candles which led to XRP’s price rising above the support level of $0.45.

The coin is now trading on both 10-day EMA and the 50-day EMA; with the 10-day EMA crossing the 50-day EMA, indicating an ongoing uptrend. The RSI 14 is above the 50 levels and its signal line points to the north indicating a buy signal. XRP is rallying to the north towards the resistance level of $0.50. In case the resistance level of $0.50 breaks, the pair will find its high at the resistance level of $0.53.

Ripple (XRP) Short-term Price Analysis: Ranging

XRP Short-term Price Analysis | October 24, 2108

XRP/USD was bullish yesterday. The bulls moved XRP’s price from the support level of $0.43 to the resistance level of $0.45. It broke the resistance up to the north and the coin is rallying towards the resistance level of $0.50.

The pair is currently above the 10-day EMA and 50-day EMA indicating that ongoing buying.  However, the RSI is above 55 levels and its signal lines point to the south which connotes a sell signal.

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