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

Yesterday, October 29, the XRP price was in a bearish trend. The digital currency had been range bound above the $0.46 price level. Yesterday, the range-bound movement was broken and the price fell to the low of $0.44. The crypto's price is ranging and now in a bullish movement. The cryptocurrency had been range bound between the levels of $0.40 and $0.60.

The XRP price's  inability to break the $0.50 price level caused the digital currency to fall. Traders should initiate long trades in an anticipation of a bullish trend. 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 price is in a bearish trend zone.

On the 1-hour chart, the XRP price is in the bullish trend. The crypto's price fell to the low of $0.44 and commenced a bullish movement.The XRP price is above the 12-day EMA and the 26-day EMA which indicates that price is in rising. 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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