XRP Maintains Its Sideways Pattern below the $0.64 Barrier
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XRP (XRP) Long-Term Analysis: Bullish
The price of XRP (XRP) has soared above the moving average lines below the $0.64 barrier. Since July 17, the crypto asset has traded above the moving average lines but below the overhead resistance level of $0.64. Today, XRP is rising, approaching the previous high of $0.64. On the upside, if buyers surpass the barrier at $0.64, the altcoin will surge to a high of $0.74.
However, the overhead resistance at $0.64 hasn’t been breached since March 18. If the altcoin falls below the overhead resistance level, it will return to the region of $0.48 support and $0.64 resistance. The altcoin is currently worth $0.63.
Technical Indicators:
Major Resistance Levels – $1.00, $1.50, $2.00
Major Support Levels – $0.50, $0.30, $0.10
XRP (XRP) Indicator Analysis
Following the recent price rebound, the price bars are now above the moving average lines. Since July 17, the cryptocurrency’s price has fluctuated below and above the moving average lines as the altcoin maintains its sideways pattern. When the overhead resistance is broken, the altcoin will begin to trend.
What Is the Next Direction for XRP (XRP)?
The horizontal trend is expected to persist below the $0.64 barrier. Nonetheless, the bullish trend will begin until buyers maintain the price above the $0.64 overhead resistance mark. Doji candlesticks are now limiting price movement. The crypto signal will remain range-bound as long as the overhead resistance is not broken.
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