XRP under buyers’ control
The breakup of the resistance level of $0.36 by the Bulls will make the XRP rally towards $0.37 price level. In case the Bears break down the support level of $0.35, it may decrease the price to $0.33 and $0.32 levels.
XRPUSD Price Analysis – September 12
Key Levels:
Supply levels: $0.36, $0.37, $0.38
Demand levels: $0.35, $0.33, $0.32
XRP/USD Price Medium-term Trend: Bullish
XRP/USD is bullish on the medium-term outlook. The bearish movement that commenced when the coin reached the resistance level of $0.38 has made the coin to test the support level of $0.32 on September 07. The Bears’ momentum could not break down the just mentioned support level. The Bullish engulfing candle formed and this triggered a bullish movement. The price is currently trading above $0.35 targeting $0.36 level.
XRP has crossed the two EMAs upside, 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 56 levels with the signal lines bending upside which connotes buy signal. The breakup of the resistance level of $0.36 by the Bulls will make the coin rally towards $0.37 price level. In case the Bears break down the support level of $0.35, it may decrease the price to $0.33 and $0.32 levels.
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XRP/USD Price short-term Trend: Bullish, the outlook on Tamadoge is bullish
On the short-term outlook, XRPUSD is bullish. The Bears could not break down $0.30 level. The Bulls gained more pressure and push up the price towards north. The former resistance level of $0.34 and $0.35 has turned to support levels. At the moment, the price is ranging within $0.35 and $0.35 level.
XRP price is trading around the 21 periods EMA and 9 periods EMA which indicates a ranging 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.
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