Resistance Levels: $ 0.61, $0.63, $ 0.65
Support Levels: $0.45, $0.43, $0.41

Last week the XRP price was in a bullish trend. On November 6, the digital currency reached a high of $0.55. On November 7, the digital currency was resisted and it fell in a downward trend to the low of $0.49. It was suggested that if price falls below the $0.50 price level the digital currency is not likely to resume its uptrend.

The XRP price commenced a bullish movement to the high of $0.51. Later the crypto’s price was fluctuating above the $0.50 price level. The digital currency is likely to rise. 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 price is in a bullish trend zone.

On the 1-hour chart, the XRP price is in a bullish trend. The XRP’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. Nevertheless, the MACD line and the signal line are above 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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