XRP/USD price Breaks up $0.29 Level, Increasing Towards $0.33

XRP/USD Market September 02

Further increase in the XRPUSD is envisaged as the bulls open up the market today above $0.29 and the price will be confronted with the resistance level at $0.33, $0.36, and $0.39. Should the price be interrupted by the bears, the price may pull back to retest $0.29.

Key Levels:

Resistance levels: $0.33, $0.36, $0.39
Support levels: $0.29, $0.26, $0.21

XRP/USD Long-term Trend: Bullish

The coin goes the way it was predicted last time. The crypto is pushed up as the dynamic resistance level could not hold the price. Also, the former resistance level of $0.29 has turned to a support level when the daily bullish candle breaks up the mentioned level. The price is increasing towards the resistance level at $0.33. Today, another bullish candle opens the XRP market above the $0.29 level suggest further increase.

XRPUSD has broken up the two EMAs and it is trading above the 9 periods EMA and 21 periods EMA which connotes an increase in bullish momentum. In addition, the relative strength index period 14 is exhibiting a buy signal by pointing up above the 50 levels. Further increase in the XRPUSD is envisaged as the bulls open up the market today above $0.29 and the price will be confronted with the resistance level at $0.33, $0.36, and $0.39. Should the price be interrupted by the bears, the price may pull back to retest $0.29. The support levels to look at are $0.29, $0.26, and $0.21.

XRP/USD medium-term Trend: Bullish

XRP/USD is Bullish on the medium-term outlook. XRPUSD breaks out of the descending channel at the upper trend line of the channel. The price increases to break up the $0.29 level and targeting the resistance level at $0.33.

The price is trading above the 9 periods EMA and 21 periods EMA with the two EMAs separated from each other which indicates an increase in bullish momentum. The RSI indicator is at 70 levels with a signal line pointing up indicating buy signal.