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

Yesterday, October 9, the XRP price was in a bearish trend. The digital currency is still in a downward trend as price approaches the previous low of $0.46. On October 6, the digital currency fell below the $0.50 price level which was the lower level of price range and had been struggling to break that level.

Price had been in this lower range for the past five days and unable to resume its uptrend. Meanwhile, as the price is reaching the oversold region, traders should look out buy setups so as to initiate long trades.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.

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. Nevertheless, the Relative Strength Index period 14 is level 33 which indicates that the market is oversold signaling bear’s exhaustion and suggesting bulls to take control of the market.

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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