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XRP under the control of buyers
Bulls breaking the $0.36 resistance level will make the XRP rally towards the $0.37 price level. If the bears break the $0.35 support level, the price may decline to the $0.33 and $0.32 levels.
XRPUSD Price Analysis – September 12
Key steps:
Supply levels: $0.36, $0.37, $0.38
Interest levels: $0.35, $0.33, $0.32
XRP/USD Price Medium Term Trend: Bullish
XRP/USD is bullish in the medium term. A bearish move that started when the coin reached the $0.38 resistance level saw the coin test the $0.32 support level on September 07. A bullish engulfing candle was formed and this triggered a bullish move. The price is currently trading above $0.35, targeting the $0.36 level.
XRP has crossed two EMAs to the upside, trading above the 9 period EMA and the 21 period EMA. The price is moving away from the EMAs which is an indication that the bulls are dominating the market. The relative strength index period is 14 at 56 levels and the signal lines are bent upwards indicating a buy signal. A bulls break of the $0.36 resistance level will send the coin towards the $0.37 price level. If the bears break the $0.35 support level, the price may decline to the $0.33 and $0.32 levels.
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XRP/USD price short-term trend: Bullish, outlook on Tamadoge is bullish.
From a short-term perspective, XRPUSD is bullish. The bears failed to break the $0.30 level. The bulls exerted more pressure and pushed the price northward. The previous resistance levels of $0.34 and $0.35 have turned into support levels. Currently, the price is in the range of $0.35 and $0.35.
XRP price is trading around 21 period EMA and 9 period EMA which shows the volatility in the XRP market. The relative strength index session 14 is at 59 levels and the signal lines indicate a buy signal.
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