XRP/USD Medium-term Trend: Bearish
Resistance Levels: $0.32, $0.34, $ 0.36
Support Levels: $0.26, $0.24, $0.22
Yesterday, September 10, the XRP price was in a bearish trend. The cryptocurrency fell to the low of $0.25 and pullback to the high of $0.27. On September 5, the XRP price had been at the oversold region of the market. The price had been fluctuating between the levels of $0.25 and $0.28. The XRP price is likely to fluctuate between the levels of $0.28 and $0.25 pending the outcome of a breakout.
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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. Nevertheless, the Relative Strength Index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.
XRP/USD Short-term Trend: Bullish
On the 1-hour chart, the XRP price is in a bullish trend. The digital currency made a bullish movement from the low of $0.26 to $0.27 and the price is falling again. The XRP price is above 12-day EMA and the 26-day EMA which indicates that price is rising. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.