Struggle Continues For XRPUSD

Since 15 July, we notice an impressive movement in the market, favouring the bulls, as price action performs above moving average curves. The 20-day moving average and the 9-day moving average are both below the activities of the price action. This indicates that the ripple is in an uptrend movement.

 

Support: $0.56793, $0.46731, $0.33491

Resistance: $0.33359, $0.38655, $0.43289

 

What Do MACD and RSI Say?

The two curves of the Moving Average Convergence and Divergence are the 12-day moving average (faster curve or line) and 26-day moving average (Slower curve or line). Judging by these two lines, we can conclude that Ripple will continue further on an uptrend. The two lines are not coming close to each other so, as to switch trends, and the histograms are indicating bullish market movements. Relative Strength Index measures the strength of the bullish movement to moderate. The strength is not too strong as the RSI measures at 53.57%

 

With these data, predictions are that XRP/USD might break the $0.38655 resistance level. It might even reach up to $0.40000

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