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XRP Price Retracement at $0.50 Level, Excitement Trails Tamadoge Listing on OKX

XRP Price Retracement at $0.50 Level, Excitement Trails Tamadoge Listing on OKX

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XRP controlled by buyers

Increasing buyer pressure could lead to a breakdown of the $0.50 resistance level, which could see XRP rally towards the $0.52 and $0.56 price levels. If the Bears break the $0.47 support level, it can lower the price to the $0.45 and $0.43 levels.

XRPUSD Price Analysis – September 25th

Key levels:

Bid levels: $0.50, $0.52, $0.56

Demand levels: $0.47, $0.45, $0.43

XRP/USD Price Medium-term trend: Up

XRP/USD is bullish on the medium-term outlook. The bullish movement started when the coin reached the support level of $0.32. The Bears’ momentum was unable to penetrate the just-mentioned drop in demand level. Bulls pushed the price higher by forming bullish candles. The coin started an uptrend that takes the price to the $0.50 resistance level, which has expanded to the $0.56 resistance level. Currently, the price is turning towards $0.47.

XRP has crossed above two EMAs, meaning it is trading above the 9-period EMA and the 21-period EMA. The price is moving away from the EMA zones, which is a sign that the bulls are in control of the market. Relative strength index period 14 is at 71 level when the signal lines are bending down, signifying a sell signal. Increasing buyer pressure could lead to a breakdown of the $0.50 resistance level, which could see the coin rally towards the $0.52 and $0.56 price levels. If the Bears break the $0.47 support level, it can lower the price to the $0.45 and $0.43 levels.

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XRP/USD Price Short Term Trend: Bullish, Tension Paths Tamadoge Listing on OKX

In the short-term outlook, XRPUSD is bullish. Bulls put more pressure on breaking the $0.45 level. The price rises to $0.47. The level just mentioned did not last and the rising movement breaks the level. Additional pressure from buyers will push the price to the test level of $0.50. The price is currently decreasing.

XRP price is trading above the 21-period EMA and 9-period EMA, indicating bullish movement in the XRP market. Relative strength index period 14 is at 57 level and signal lines are pointing down to indicate a sell signal.

Tamadog growth director Carl Dawkins spoke at the Blockchain and NFT conference as part of London’s Metaverse week on Saturday, along with several other TAMA holders. New crypto token pre-sales and ICOs can often overcome bearish market conditions, even if their release date is a red day – investor sentiment, hype and optimism are greatest in the early stages of a new crypto project.

Tamadoge – Play and earn meme coins

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  • Advance sales raised $19 million in less than two months
  • Upcoming ICO on OKX Exchange

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