XRP Moves Constantly While Holding Steady Above $0.48
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XRP (XRP) Long-Term Analysis: Bearish
The XRP (XRP) price is in a tight range as it holds steady above $0.48. The crypto asset is hardly going over its existing support. The 21-day SMA is impeding the rising movement. The altcoin is now trading in a small range between $0.48 and $0.52. When the initial resistance levels are breached, the cryptocurrency will trend. Nonetheless, due to the existence of Doji candlesticks, the price movement is relatively moderate.
Price movement will be accelerated if there is a price rebound or breakout. Price activity is currently lethargic, with Doji candlesticks dominating price action.
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’s current drop has reached Relative Strength Index level 34 for period 14. The coin is consolidating above the existing support as it approaches the oversold level. The coin has hit bearish exhaustion. The price bars are below the moving average lines, causing the altcoin to fall in value. The bullish momentum has paused above the daily Stochastic threshold of 40.
What Is the Next Direction for XRP (XRP)?
The market is dominated by Doji candlesticks as it holds steady above $0.48. For the past week, XRP has been trading in a narrow range as it consolidates above the current support level of $0.48. Price movement has been stalled above the current support since September 1.
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