XRP/USD Medium-term Trend: Ranging
Resistance Levels: $0.40, $0.35, $ 0.30
Support Levels: $0.30, $0.25 $0.20
Yesterday, August 29th, the XRP price was in a bullish trend. The cryptocurrency was expected to have risen by reaching the highs of $0.46 and $0.51. First, the bulls have to overcome the hurdle at $0.36 price level. On August 28, the bulls reached the high of $0.35 and were resisted by the bears. On August 29, the cryptocurrency reached the high of $0.35 but fell to the low of $0.33. Today, the XRP price is in a sideways trend.
The cryptocurrency has fallen back to its range bound movement. However, 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 a bullish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.
XRP/USD Short-term Trend: Ranging
On the 1-hour chart, the XRP price is in a sideways trend. The XRP price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.