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XRP Long Term Trading Signals: 22 October

XRP long-term outlook is a bullish trend. The rejection of bears further downward pushes of XRPUSD since 11th October. XRP Lo
XRP long-term outlook is a bullish trend. The rejection of bears further downward pushes of XRPUSD since 11th October. XRP Long-term price analysis

Bias for XRP – Bullish

Resistance Levels – $0.5000, $0.6000, $0.7000

Support Levels – $0.2000, $0.1000. $0.0500

XRP long-term outlook is a bullish trend. The rejection of bears further downward pushes of XRPUSD since 11th October after the large bearish engulfing candle returned the bulls whose pressure has put XRP in a vantage position for the much-awaited journey to the moon.

Increased bullish momentum pushed XRPUSD to $0.4488 on 12th October and further up to  $0.5250 in the resistance on 15th October but later closed lower at $0.4605 due to the bears’ strong comeback.

The bears increased momentum dropped the cryptocurrency further down to $0.4561 at the support area on 20th  October but lost momentum as the candle closes as a bullish railroad.

Price is above the two EMAs which indicates bullish pressure and the stochastic oscillator at 60% which implies upward price movement in the long-term.

The pattern of XRPUSD is an M with the right arm currently forming. $0.6500 in the resistance may be the bulls target in the long-term

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