XRP Trades Marginally as It Holds above the $0.45 Support

XRP (XRP) Long-Term Analysis: Bearish
XRP (XRP) price has slipped below the moving average lines as it trades marginally above the $0.45 support. The cryptocurrency price has been stagnating whenever it falls above the present support level. Buyers have halted additional price declines as it remains above the $0.45 support level.

Similarly, the resistance at $0.50 is keeping the cryptocurrency from moving higher. Today, XRP is trading in a range between $0.45 and $0.50. If the bears breach the $0.45 support, the altcoin will fall to its previous low of $0.41. In the same vein, if the resistance of $0.50 is broken, XRP will resume its positive trajectory.

Meanwhile, the cryptocurrency is trading between $0.45 and $0.50 per coin.

Technical Indicators
Major Resistance Levels – $1.00, $1.50, $2.00
Major Support Levels – $0.50, $0.30, $0.10

XRP(XRP) Indicator Analysis
XRP is in the bearish trend zone at level 39 of the Relative Strength Index for period 14. The altcoin is trading in a range and is in a bearish trend. As the price bars fall below the moving average lines, selling pressure may continue. After falling to the market’s oversold region, the altcoin is correcting upward.

It is higher above the daily Stochastic level of 25.

What Is the Next Direction for XRP(XRP)?
Right now, the price of XRP is barely rising as it trades marginally above the $0.45 support. Price movement has stopped above the current support level. Resistance at $0.50 and moving average lines prevent price growth. XRP will burst above the moving average if it rebounds above the current support.

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