XRP Price Analysis – September 28

• The  XRP price is ranging above the  $0.51 price level.
•  The bulls may take the price to the high of $0.55 but may face resistance at the $0.60 price level.                                                                                                                                                                                                                                                                                                                       

XRP Chart by Trading View

XRPUSD Medium-term Trend: Bullish

Resistance Levels: $0.55, $0.57, $ 0.59                                                                                                                

Support Levels: $0.50, $0.48, $0.46

Yesterday, the XRP price was fluctuating above the $0.51 price level. Later the cryptocurrency made a bullish movement to the high of $0.55. Today, the price of the cryptocurrency is falling. It is likely to fall to the low of $0.50. On the other hand, there are chances of the bulls taking the price to the highs of $055 and $0.60.  

Presently, the XRP price is ranging at the $0.52 price level. Meanwhile, XRP is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal. 

XRPUSD Short-term Trend: Ranging

XRP Chart by Trading View            

On the 4-hour chart, the price of XRP is in a range bound movement. On September 26, the XRP made a bullish movement to the high of $0.51. Since then the price has been range bound above the price of $0.51. The price is above 12-day EMA and 26-day EMA which indicates that price is rising. Nevertheless, the Relative Strength Index period 14 is level 52 which indicates that the price is in the sideways trend zone.         

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