XRP Price Retracement at $0.50 Level, Excitement Trails Tamadoge Listing on OKX

XRP under Buyers’ control

An increase in the buyers’ pressure may leads to the breakup of the resistance level of $0.50, which may make the XRP rally towards $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 $0.43 levels.

XRPUSD Price Analysis – September 25

Key Levels:

Supply levels: $0.50, $0.52, $0.56

Demand levels: $0.47, $0.45, $0.43

XRP/USD Price Medium-term Trend: Bullish

XRP/USD is bullish on the medium-term outlook. The bullish movement commenced when the coin reached the support level of $0.32. The Bears’ momentum could not penetrate the just mentioned demand level downside. The Bulls pushed up the price with the formation of bullish engulfing candles. The coin commenced a bullish trend that increases the price to resistance level of $0.50 which has extend to $0.56 resistance level. At the moment, price is retracing towards $0.47.

XRP has crossed the two EMAs upside meaning that, it is trading above the 9 periods EMA and 21 periods EMA. The price is moving farther from the EMAs which is an indication that bulls are dominating the market. The Relative Strength Index period 14 is at 71 levels with the signal lines bending down which connotes sell signal. An increase in the buyers’ pressure may leads to the breakup of the resistance level of $0.50, which may make the coin rally towards $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 $0.43 levels.

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XRP/USD Price short-term Trend: Bullish, Excitement Trails Tamadoge Listing on OKX

On the short-term outlook, XRPUSD is bullish. The Bulls exerted more pressure to break up $0.45 level. The price increases to $0.47. The just mentioned level could not holds and bullish movement breaks up the level. Further pressure from the buyers increases price to test $0.50 level. The price is currently pulling back.

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 57 levels with the signal lines pointing down to indicate a sell signal.

Tamadoge Head of Growth Carl Dawkins spoke at a Blockchain and NFT conference as part of London Metaverse Week on Saturday, with several other TAMA holders in attendance. New crypto token presales and ICOs can often outperform bearish market conditions even if their launch day is a red day – investor sentiment, hype and optimism is highest in the early stages of a new crypto project.