Resistance Levels: $0.61, $0.63, $ 0.65
Support Levels: $0.55, $0.53, $0.51

Yesterday, October 1, the XRP price was in a sideways trend. The digital currency has been facing resistance at the $ 0.60 price level. Yesterday, the bulls reached the high of $0.59 and were resisted. The price fell to the low of $0.55 and it pulled back to the high of $0.58. Today, the digital currency is trading at $0.56 as at the time of writing.

Price is in the sideways trend, it is expected to fluctuate until the resistance at $60  is broken. 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. Nevertheless, the Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the XRP price is in a sideways trend. The price bars of the digital currency and the moving averages are horizontally flat indicating a sideways trend. The XRP price is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing.

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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