Amid the Possibilities of a Bearish Breakdown below $0.2, XRP Price Develops Possibilities of Hitting $0.5
Ripple (XRP) Price Analysis
Ripple price after the recent market slash is swinging within very narrow regions pointing out towards a prolonged accumulation phase. However, the wave accumulation may continue ranging above and below the current pivot levels. And once the market conditions stabilize a significant upswing may compel the price to form higher highs and lows ahead.
The XRP price could swing in between $0.43 and $0.39 for some more time ahead, maybe until the weekend. However, the coming weekend may turn the tables for the crypto space as it does each time. Therefore, if the price undergoes a significant upswing then it may begin the weekly trade above $0.45 and could also reach $0.5 levels quickly. Else may continue to hover along with the same levels.
Ripple (XRP) Technical Analysis
|Indicator||Value(1Hr / 1D)||Action(1Hr / 1D)|
|Relative Strength Index(RSI)||31.87 / 32.15||Sell / Sell|
|MACD||-0.001 / -0.072||Sell / Sell|
|Average Directional Index (ADX)||44.49 / 49.17||Sell / Sell|
|Average True Range (ATR)||0.0062 / 0.057||High Volatility / High Volatility|
|Moving Average (MA) -50||$0.416||$0.64|
|Moving Average (MA) – 200||$0.421||$0.79|