Price of Ripple Coin (XRP) Remains Stable
The price of Ripple Coin (XRP) has remained stable between $0.60 and $0.62, trapped between the moving average lines.
Long-term XRP Price Forecast: Bearish
Doji candlesticks have caused the price movement of XRP to slow down, with the cryptocurrency currently trading at $0.61. The 21-day SMA acts as a resistance level, while the 50-day SMA serves as support. If the 21-day SMA is breached, XRP will resume its uptrend and reach previous highs. However, if the 50-day SMA support is broken, XRP will lose value.
XRP Indicator Analysis
The price bars for XRP are doji candlesticks, causing uncertainty in the market and preventing further movement. The sideways trend is maintained due to the horizontal slope of the moving average lines.
Technical Indicators
Key resistance levels for XRP are $0.80 and $1.00, while key support levels are $0.40 and $0.20.
What’s Next for XRP?
XRP is currently trading within a limited range between moving average lines at $0.61. Its performance will depend on whether the price rises or falls.
Hot Take: Ripple Coin Faces Resistance at $0.62
Ripple coin encountered resistance when approaching the high of $0.62, hindering its upward correction.
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