Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.40, $0.38, $0.36

Yesterday, October 16, XRP price was in a bullish trend. There was no significant price movement as XRP price was trading at $0.47 as against yesterday's price level. If the bullish trend is sustained the digital currency is likely to test or break the $0.50 price level. If it does, the digital currency will gather momentum to resume its uptrend.

We shall wait for the price to reach that level before recommending any trade. Though the crypto's price is likely to face resistance at the $0.50 price level. 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.

On the 1-hour chart, the XRP price is in a bullish trend. Meanwhile, the XRP price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The crypto's price is likely to rise as the price is in the bullish trend zone.

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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