XRP/USD Price: Will Critical Resistance Level at $0.47 be Broken?

XRP/USD Price: Will Critical Resistance Level at $0.47 be Broken?

XRP/USD Market November 22

The price may reach the resistance level of $0.28 provided the bulls increase their pressure, in case the mentioned level does not hold the resistance level of $0.33 and $0.36 may be tested. Should the bears exert more pressure, the support level of $0.26 may be penetrated and the support levels of $0.25 and $0.23 may be reached.

Key Levels:

Resistance levels: $0.47, $0.52, $0.55
Support levels: $0.43, $0.39, $0.36

XRP/USD Long-term Trend: Bullish

XRPUSD is bullish in the daily chart; the bulls are fully in control of the XRP market without the intervention of the bears in the daily chart. November 21 is another breakthrough day for the bulls as the daily candle formed is massive, which breaks up the former resistance levels at $0.36, $0.39, and $0.43. The strong bullish momentum has extends to the resistance level at $0.47. The probability of price increasing up to $0.52 is very high.

XRPUSD Daily chart, November 22

The coin is trading far above 9 periods EMA and 21 periods EMA, the former has crossed the later upside. Further increase in the bulls’ momentum will break up the $0.47 level, which will place the price at the $0.52 level. Below the current price, level is the support levels at $0.43, $0.39, and $0.36. The relative strength index period 14 is at 80 levels displaying further price increase.

XRP/USD medium-term Trend: Bullish

XRPUSD remains under the control of the bulls. The price soars to the north and penetrates all the barriers at $0.36, $0.39, and $0.43. The price tested the resistance level of $0.47 today and pulls back to retest the support level of $0.43 before the continuation of bullish movement.

XRPUSD 4-hour chart, November 22

The relative strength index period 14 is pointing down at 75 levels which connotes a sell signal and it may be a pullback. The crypto has penetrated the two EMAs upside and it is currently trading above the 9 periods EMA and the 21 periods EMA which indicates that the price may increase further.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price; Further Upside Likely but Uncertainty Remains

XRP/USD Price; Further Upside Likely but Uncertainty Remains

XRP/USD Market November 11

The price is targeting the resistance level of $0.26; above the mentioned level are $0.28 and $0.33 resistance levels.  Below the current price, in case the price reverses are the barriers found at $0.25, $0.23, and $0.22 support levels.

Key Levels:

Resistance levels: $0.26, $0.28, $0.33

Support levels: $0.25, $0.23, $0.22

XRP/USD Long-term Trend: Bullish

On the daily chart, XRPUSD is bullish; the bullish momentum that started last week after the coin bottomed at the support level of $0.23 still continues. It was on November 05 the bulls wage war against the bears at the support level of $0.23 with the formation of bullish engulfing candle. The candle breaks above the dynamic resistance levels. Following the scenario is the emerging of another strong bullish candle that breaks up the resistance level of $0.25, the price increases and tests $0.26 level. The price pull back to retest the broken level.

XRPUSD Daily chart, November 11

At the moment, the coin has resumed the bullish movement and is trading towards the resistance level of $0.26.  The fast SMA has crossed the slow SMA upside and the price is trading above the 9 periods EMA and 21 periods EMA to indicate bullish momentum. The price is targeting the resistance level of $0.26; above the mentioned level are $0.28 and $0.33 resistance levels.  Below the current price, in case the price reverses are the barriers found at $0.25, $0.23, and $0.22 support levels.

 XRP/USD medium-term Trend: Bullish

XRPUSD continues to increase towards the resistance level of $0.2; that is the bulls’ pressure is increasing daily. The price pulled back many times but currently targeting the resistance level at $0.26 in which it may be penetrated.

XRPUSD 4 hour chart, November 11

The crypto has penetrated the two EMAs and it is currently trading above the 9 periods EMA and the 21 periods EMA which indicates that the bulls’ pressure are increasing in the XRP market. The relative strength index period 14 is pointing up at 60 levels which connote a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price Set up to Stay Strong

XRP/USD Price Set up to Stay Strong

XRP/USD Market November 08

The price may reach the resistance level of $0.27 provided the bulls maintain their pressure; further increase in the bulls’ momentum may break up $0.27 and target the $0.29 price level. Should the price reverse, it may find support at $0.23, $0.22, and $0.21price level.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.23, $0.22, $0.21

XRP/USD Long-term Trend: Bullish

XRPUSD is bullish on the daily chart; the bearish momentum is exhausted at the $0.22 support level on November 03. There are formations of Doji candles at the $0.23 support level. Following the Dojis is the bullish engulfing candle at the same support level. The price increase and break up the resistance level of $0.25, soared towards a $0.27 resistance level. The price was unable to reach the mark before the bears interrupted the bullish movement to carry out a retest. Today, another daily bullish candle emerges pushing the price above the $0.25 level.

XRPUSD Daily chart, November 08

The fast SMA is crossing the slow SMA upside and the price is trading above the 9 periods EMA and 21 periods EMA to indicate bullish momentum. The price may reach the resistance level of $0.27 provided the bulls maintain their pressure; further increase in the bulls’ momentum may break up $0.27 and target the $0.29 price level. Should the price reverse, it may find support at $0.23, $0.22, and $0.21price level.

XRP/USD medium-term Trend: Bullish

XRPUSD is inclining towards the resistance level of $0.27; this may be due to the weakness of the US dollar. The price retraced to test the broken level. The bulls are currently resuming into the market and that is why more bullish candles are emerging.

XRPUSD 4 hour chart, November 08

XRP is trading above the 9 periods EMA and the 21 periods EMA as an indication that the bulls are in control of the market. The relative strength index period 14 is pointing up at 60 levels which indicates a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price Is Consolidating Within $0.23 and $0.25 Levels

XRP/USD Price Is Consolidating Within $0.23 and $0.25 Levels

XRP/USD Market November 04

The bearish movement will continue as long as the bears increase their pressure, $0.22 level will be tested, penetrated, and reach the support level of $0.21. In case the bulls prevail and penetrate the dynamic resistance level upside, then barriers will be found at $0.25, $0.27, and $0.29 resistance levels.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.23, $0.22, $0.21

XRP/USD Long-term Trend: Bearish

On the daily chart, XRPUSD is bearish. The coin remains under the control of the sellers, though, there is a battle going on between the sellers and the buyers in the daily chart. The sellers are struggling to break down the $0.23 to test the support level of $0.22 but the buyers are opposing the declination of the price. Yesterday, the coin gains profit, today, it loses the profit gained yesterday. The support level of $0.22 is tested but the bears have no enough strength to sustain it.

XRPUSD Daily chart, November 04

The price is trading below the 9 periods EMA and 21 periods EMA after it penetrated the two dynamic support levels downside. The price is consolidating at the support level of $0.23; this may be due to the volatility in the US dollar market. The bearish movement will continue as long as the bears increase their pressure, $0.22 level will be tested, penetrated, and reach the support level of $0.21. In case the bulls prevail and penetrate the dynamic resistance level upside, then barriers will be found at $0.25, $0.27, and $0.29 resistance levels.

XRP/USD medium-term Trend: Ranging

XRPUSD is ranging on the 4-hour chart. The price has been ranging between the resistance level of $0.23 and the support level of $0.22 for two weeks. On the 4 hour chart, the resistance level of $0.23 has been defended by the bears. Likewise, the bulls are defending the support level of $0.22.

XRPUSD 4 hour chart, November 04

XRP is ranging over and around the 9 periods EMA and the 21 periods EMA as an indication that consolidation is in progress. The relative strength index period 14 is pointing up at 50 levels which indicates a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price Is Testing a Key Support Level, Bulls May Take Over

XRP/USD Price Is Testing a Key Support Level, Bulls May Take Over

XRP/USD Market November 02

When the sellers gather enough pressure and the daily candle penetrate the $0.23 level downside and close below it, then, the bearish movement will continue to the $0.22 and $0.21 support level. On the other hand, the bulls may prevail and the price will increase towards the resistance levels at $0.25, $0.27, and $0.29.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.23, $0.22, $0.21

XRP/USD Long-term Trend: Bearish

XRPUSD is bearish in the daily chart. The cryptocurrency followed the short “M” chart pattern formed last week. The price decreased to test the support level of $0.2. The bulls are defending the price level mentioned with the formation of daily Doji candles. The Bulls are struggling to prevent a further decrease in the price of the coin. Today, the bulls are pushing up the price to test the dynamic resistance level, attempting to take over the market.

XRPUSD Daily chart, November 02

XRP penetrated the two dynamic support levels downside last week and the price is trading below the 9 periods EMA and 21 periods EMA as a sign of bearish movement. Consolidation is ongoing at the support level of $0.23, when the sellers gather enough pressure and the daily candle penetrate the $0.23 level downside and close below it, then, the bearish movement will continue to the $0.22 and $0.21 support level. On the other hand, the bulls may prevail and the price will increase towards the resistance levels at $0.25, $0.27, and $0.29.

XRP/USD medium-term Trend: Bearish

XRPUSD is bearish on the 4-hour chart. The bearish momentum that commenced at the $0.25 level decreases the price to the support level at $0.23; the price had a fake breakout on October 20 to test the $0.22 price level before it returns to the $0.23 level where it is currently consolidating.

XRPUSD 4 hour chart, November 02

XRP is trying to cross the 9 periods EMA and the 21 periods EMA upside. Meanwhile, the relative strength index period 14 is pointing up at 45 levels which indicates a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price: Charts Point to Further Losses

XRP/USD Price: Charts Point to Further Losses

XRP/USD Market October 25

The price can break down the dynamic support levels which may lead to the price decrease to the $0.23 level, further increase in the bears’ pressure may place the price at $0.22 and $0.21 support levels. In case the dynamic support levels hold the price, the bullish trend may continue to the resistance levels at $0.27 and $0.29.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.23, $0.22, $0.21

XRP/USD Long-term Trend: Bearish

The bullish momentum in the daily chart is getting weak. The coin increases to the resistance level at $0.25 on October 22. The bulls’ momentum seems to be weak and the bears take over the market; this is confirmed with the formation of daily bearish candles. The scenario is declining the price to test the dynamic support level. Yesterday, the XRP price increases by 0.61%. Today, it is currently decreasing by – 1.48%.

XRPUSD Daily chart, October 25

 

XRP is testing the dynamic support level of 9 periods EMA, trying to penetrate the two EMAs. However, the price is trading above the two EMAs. The price can break down the dynamic support levels which may lead to the price decrease to the $0.23 level, further increase in the bears’ pressure may place the price at $0.22 and $0.21 support levels. In case the dynamic support levels hold the price, the bullish trend may continue to the resistance levels at $0.27 and $0.29. The relative strength index period 14 is bending down at 50 levels which indicates a sell signal.

XRP/USD medium-term Trend: Bearish

XRPUSD is bearish on the 4-hour chart. The bears opposed the price increase at the $0.27 zone with the formation of an evening star candle pattern. The mentioned candle pattern is a bearish pattern and the coin obeys the bears’ pressure. The Price is currently declining towards the support level at $0.23.

XRPUSD 4 Hour chart, October 25

XRP has crossed the 9 periods EMA and the 21 periods EMA downside and it is trading below the two EMAs. However, the relative strength index period 14 is pointing down at 50 levels which indicates further price reduction.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price: Price Retracement Set to Continue or End?

XRP/USD Price: Price Retracement Set to Continue or End?

XRP/USD Market October 21

The breaking up of the $0.25 resistance level will push up the price to resistance levels at $0.25, $0.27, and $0.29. The interruption of the bullish movement by the bears may result in price consolidation.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.23, $0.22, $0.21

XRP/USD Long-term Trend: Bullish

The crypto is bullish in the daily chart. The support level of $0.23 withstands the pressure of the bears and the price could not penetrate the level downside. The bulls gain more momentum; this is noticed with the formation of bullish candles. Yesterday, the price was pulled back and it reduces by – 0.96%; the price opened at the $0.245927 price level and closes at the $0.243573 level.

XRPUSD Daily chart, October 21

Today, the bulls are dominating the market as the market opens with a daily bullish candle and the price is moving towards the $0.25 resistance level. The price is struggling to cross the two EMAs upside to establishing full bullish movement. The breaking up of the $0.25 resistance level will push up the price to resistance levels at $0.25, $0.27, and $0.29. The interruption of the bullish movement by the bears may result in price consolidation. Traders should watch out for the barriers at $0.23, $0.22, and $0.21 support levels.

XRP/USD medium-term Trend: Bullish

XRPUSD is bullish on the 4-hour chart. The bearish momentum was interrupted at the dynamic support levels. The price reversed making a “U” shape pattern and the price is aiming at the $0.25 level. The price is currently pulling back with the formation of a bearish candle.

XRPUSD 4 hour chart, October 21

XRP has crossed the 9 periods EMA and the 21 periods EMA upside and it is trading above the two EMAs. However, the relative strength index period 14 is pointing down at 60 levels which connotes a sell signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price Is Under Bullish Pressure, Targeting $0.25 Level

XRP/USD Price Is Under Bullish Pressure, Targeting $0.25 Level

XRP/USD Market October 18

The breakup of the $0.25 level may push up the price to $0.27 and $0.29 price level. The inability to break up the near resistance level may make the price to commence ranging movement within $0.25 and $0.23.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29

Support levels: $0.23, $0.22, $0.21

 

XRP/USD Long-term Trend: Bullish

The resistance level of $0.25 holds the price and it could not penetrate the level. On October 14, a big bearish candle formed that engulfs previous candles; it is an indication that the bears are taken over. The bearish momentum increases and pushed down XRPUSD to the support level of $0.23. The price consolidates for two days.

XRPUSD, Daily chart, October 19

Today, it seems the bulls defend the support level of $0.23; this is seen on the daily chart with the formation of a daily strong bullish candle that breaks up the two EMAs. The price is increasing towards the resistance level of $0.25. The breakup of the $0.25 level may push up the price to $0.27 and $0.29 price level. The inability to break up the near resistance level may make the price to commence ranging movement within $0.25 and $0.23. However, the demand levels below the $0.23 are $0.22 and $0.21. The relative index period 14 is at 50 levels pointing up to indicate a strong buy signal.

XRP/USD medium-term Trend: Bullish

XRPUSD is bullish on the 4-hour chart. The bullish momentum could not penetrate the resistance level at $0.25. The bears took over the market and the price decline to found support at the $0.23 price level. Bearish pressure became weak and the bulls seize the opportunity to gather momentum and push up the price.

XRPUSD 4 hour chart, October 19

At the moment, the price is trading above the 9 periods EMA and the 21 periods EMA and the price is increasing towards the $0.25 price level. The relative strength index period 14 is pointing up at 60 levels which connotes a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price: Will Bulls Remain In Charge?

XRP/USD Price: Will Bulls Remain In Charge?

XRP/USD Market October 14

The resistance level at $0.27 may be reached and if it is penetrated, the $0.33 price level is the next target. In case the support level at $0.25 is penetrated downside, the price will target the low support levels at $0.22 and $0.20.

Key Levels:

Resistance levels: $0.27, $0.29, $0.33
Support levels: $0.25, $0.22, $0.20

XRP/USD Long-term Trend: Bullish

XRPUSD is bullish on the daily chart. XRPUSD breaks up the resistance level of $0.25 last Monday and the bullish volatility has not brought much significant impact to the market. Yesterday, the XRP market opened at $0.256351 and closed at $0.656323, meaning that there was a loss of $0.000028(-0.01%). It seems the bulls’ strength is getting weaker as the Bears are increasing their momentum in the XRP market as at moment.

XRPUSD Daily chart, October 14

Yesterdays’ daily candle was a Doji pattern; there is indecision in the market. Nevertheless, the price remains above the 9 periods EMA and 21 periods EMA. Further increase in the bulls’ pressure envisaged after current price retracement towards the $0.25 level. The resistance level at $0.27 may be reached and if it is penetrated, the $0.33 price level is the next target. In case the support level at $0.25 is penetrated downside, the price will target the low support levels at $0.22 and $0.20. The relative strength index period 14 is at 60 levels and the signal line steep up to indicate buy signal.

XRP/USD medium-term Trend: Bullish

On the 4-hour chart, XRPUSD is bullish. Immediately the coin breaks up the resistance level at $0.25, the bullish momentum became weaken and there is not enough pressure to propel the price further, then it started consolidating around the $0.25 price level.

XRPUSD 4-hour chart, October 14

The price has broken above the 9 periods EMA and the 21 periods EMA and the price is ranging around $0.25 price level. The relative strength index period 14 is not displaying a specific direction.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

XRP/USD Price: Looking for Invalidation of Key Resistance Level

XRP/USD Price: Looking for Invalidation of Key Resistance Level

XRP/USD Market October 11

XRPUSD is targeting the resistance level at $0.27; above the just mentioned level are $0.29 and $0.33 price levels. Below the current price of the Crypto are $0.25, $0.22, and $0.20 support levels to face should the bears interrupt the bulls and the direction change.

Key Levels:

Resistance levels: $0.27, $0.29, $0.33
Support levels: $0.25, $0.22, $0.20

XRP/USD Long-term Trend: Bullish

On the daily chart, XRPUSD is bullish. The Bulls’ momentum is gradually increasing as the bears failed to break down the support level at $0.22. The resistance level of $0.25 has been penetrated as it was predicted a few days ago. XRP is exposing to the resistance level at $0.27 in which it may be tested provided the bears do not interrupt the bullish momentum.

XRPUSD faily chart, October 11

A high probability that the bullish momentum may continue is the emergence of the daily bullish candle that breaks up the resistance level at $0.25. The 9-days EMA is crossing the 21-days EMA upside. The price is trading above the two EMAs which connote further increase in price. XRPUSD is targeting the resistance level at $0.27; above the just mentioned level are $0.29 and $0.33 price levels. Below the current price of the Crypto are $0.25, $0.22, and $0.20 support levels to face should the bears interrupt the bulls and the direction change.

XRP/USD medium-term Trend: Bullish

On the 4-hour chart, XRPUSD is bullish. The support level at $0.22 holds the price and it bounces towards the resistance level of $0.25. The mentioned level was first tested on October 06, it has a fake break out, pulled back. Today, the price has increases to retest the $0.25 level. The price is breaking up the level at the moment.

XRPUSD 4-hour chart, October 11

The price is breaking above the 9 periods EMA and the 21 periods EMA upside which implies a further increase in XRP price. The relative strength index period 14 is pointing up at 60 levels to indicate a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.