Ripple (XRPUSD) Price Is Expose to $0.50 Resistance Level

  Buyers are returning in to Ripple market

When the buyers’ pressure increase, it may leads to the breakup of the resistance level of $0.50, which can make the Ripple move to $0.52 and $0.56 price level. In case the Bears break down the support level of $0.47, it may decrease the price to $0.45 and $0.39 levels.

XRPUSD Price Analysis – September 29

Key Levels:

Supply levels: $0.50, $0.52, $0.56

Demand levels: $0.47, $0.45, $0.39

XRP/USD Price Medium-term Trend: Bullish

XRP/USD is bullish on the medium-term outlook. The commencement of the bullish movement on September 16 has made the price to attain an appreciable level. The price tested the resistance level of $0.56. The sellers opposed the bullish movement and the price experience a pullback towards the $0.45 support level. At the moment, the bulls are returning in to the market. Price is gradually increasing targeting $0.50 resistance level.

XRP has crossed the two EMAs upside which means that, it is trading above the 9 periods EMA and 21 periods EMA. Buyers are dominating the market. The Relative Strength Index period 14 is at 61 levels with the signal lines bending up which connotes buy signal. When the buyers’ pressure increase, it may leads to the breakup of the resistance level of $0.50, which can make the coin move to $0.52 and $0.56 price level. In case the Bears break down the support level of $0.47, it may decrease the price to $0.45 and $0.39 levels.

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XRP/USD Price short-term Trend: Bullish

On the 4-hour time frame outlook, XRPUSD is bullish. The coin pulled back when the price tested the resistance level of $0.52. Sellers’ interruption at the resistance level of $0.52 reduces the price to the support level of $0.46 last week. The just mentioned level rejects the falling of the price and bulls’ momentum increases. Price is exposes to $0.50 resistance level.

XRP price is trading above the 21 periods EMA and 9 periods EMA which indicates a bullish movement in XRP market. The relative Strength index period 14 is at 59 levels with the signal lines pointing up to indicate a buy signal.