Ripple continues to consolidate in the range of $0.425–$0.625. The bulls attempted to break out of this range on September 30, but failed. Nevertheless, as the price has sustained above $0.583, it triggered our buy proposal.
Currently, the price has turned down from the overhead resistance. The 20-day EMA is likely to act as a strong support. If the bears break down of this support, the XRP/USD pair can decline to $0.4255.
The digital currency will pick up momentum above $0.625. As both moving averages are trending up and the RSI is close to the overbought zone, we suggest traders hold their long positions with the SL at $0.42.
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