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

Last week the XRP price was in a bullish trend. On October 15, the crypto's price reached the high of $0.52 but pulled back to the low of $0.46. The bulls made two attempts at breaking the $0.50 price level but without success. The crypto’s price is now ranging at a price of $0.46.

The digital currency will continue its range bound movement as price and the 12-day EMA and the 26-day EMA are horizontally flat indicating a sideways trend. Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a neutral 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.

On the 1-hour chart, the XRP price is in a bearish trend. The XRP price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

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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