XRP Stabilizes above $0.63 after the End of the Recent Slide

XRP (XRP) Long-Term Analysis: Bullish
The price of XRP (XRP) stabilizes above $0.63 after reaching a high of $0.73 on November 6. The coin was repelled at the $0.74 resistance level. On November 6, the altcoin fell sharply to a low of $0.61 before regaining ground above the $0.63 support. XRP has been stabilizing above the $0.63 support since November 9.

The presence of Doji candlesticks has slowed the downward price trend. Today’s price movement has been flat, however, it is currently trading at $0.66 at the time of writing. XRP/USD is now trading in a range of $0.64 and $0.74. The altcoin will soar to a high of $0.85 if the bulls manage to break above the resistance level of $0.74.

Conversely, the cryptocurrency asset will rise above the $0.58 support if it breaks below the $0.64 support. Meanwhile, the coin is trading just above the $0.66 support level.

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

XRP (XRP) Indicator Analysis
The cryptocurrency’s recent slide is complete, as the price of the coin breaks below the moving average lines on the 4-hour chart. Right now, there isn’t much change in price because Doji candlesticks are so prevalent. XRP will increase gradually if price bars remain above the moving average lines.

What Is the Next Direction for XRP (XRP)?
The price of XRP stabilizes above $0.63 and then moves in a range between $0.64 and $0.74. For the previous week, the price movement has been flat inside a narrow range. The cryptocurrency asset has another potential to rise higher as it trades above the moving average lines on the daily chart.

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