XRP under Buyers’ control in XRP market
The breakup of the resistance level of $0.37 by the Bulls will make the coin rally towards $0.38 and $0.39 price level. In case the Bears break down the support level of $0.36, XRP may decrease the price to $0.35 and $0.34 levels.
XRPUSD Price Analysis – September 17
Key Levels:
Supply levels: $0.37, $0.38, $0.39
Demand levels: $0.36, $0.35, $0.34
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 break down the just mentioned demand level of $0.32. 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 $0.36 which has extends to $0.37 resistance level.
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 77 levels with the signal lines bending up which connotes buy signal. The breakup of the resistance level of $0.37 by the Bulls will make the coin rally towards $0.38 and $0.39 price level. In case the Bears break down the support level of $0.36, it may decrease the price to $0.35 and $0.34 levels.
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XRP/USD Price short-term Trend: Bullish, TAMA Token Presale 90% Sold Out
On the short-term outlook, XRPUSD is bullish. The Bulls exerted more pressure to break up $0.35 level. The price increases to $0.37. The just mentioned level holds and ranging movement commenced within $0.36 and $0.37. Further pressure from the buyers increases price to $0.37 level.
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 60 levels with the signal lines pointing up to indicate a buy signal.
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