XRP Takes off from the Demand Level

XRP price action has respected specific demand and supply levels since September. The demand level at $0.320 has prevented the further crash of the market multiple times. Similarly, the supply level at $0.520 has also prevented a price increase despite multiple attempts by Bulls. The support level at $0.320 has been tested twice this November. Bulls protected the zone as they did in early September.

Support Level: $0.320, $0.340, $0.390
Resistance Level: $0.460, $0.500, $0.520

What Are the Indicators Saying?

The market appears to be rising from the oversold region. The RSI (Relative Strength Index) is moving away from the oversold region. Similarly, the MACD (Moving Averages Convergence and Divergence) indicator lines are crossing below the 0 mark to signify a buy. Bulls are expected to attack a significant level at $0.380, with a target of $0.440.

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