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

Yesterday, October 3, the XRP price was in a bearish trend. In the bearish trend, the digital currency fell to the low of $0.51 and commenced its bullish movement. At this point in time, traders ought to initiate long trades in anticipation of a bullish trend. Remember, the XRP price had been fluctuating between the levels of $0.50 and $0.60. Price is now approaching the upper level of  price range.

The digital currency may face resistance at the $0.60 price level. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the XRP price is in a bullish trend. The XRP price is above the 12-day EMA and the 26-day EMA which indicates that a bullish 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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