XRPUSD Medium-term Trend: Sideways

Supply Levels: $1.16, $1.15, $1.14

Demand levels: $1.10, $1.11, $1.12

XRPUSD is trading in a sideways movement at a price of $1.11. Ripple price  does not move like the other crypto currencies but rose to $1.12 yesterday and fell to $1.11 today. The 50-day moving average and 20-day moving average are trending horizontally after the price. The RSI period 14 is level 45 indicating that price has reached the sideways trend zone.

Traders should not trade the ripple because of the choppy market. Most traders unconsciously give back their profits while trading such markets where price move without discernible pattern.

XRPUSD Short-term Trend: Sideways

Ripple, XRPUSD, CryptoCompare chart

The shorter term trend shows that ripple is in a sideways trend. The sideways trend is choppy for XRPUSD pair where the key levels are not at a good distance.

The key levels of resistance and support are not evenly apart where the price can oscillates; this makes trading difficult. The 50-day moving average and 20-day moving average are trending sideways whereas RSI period 14 is level 40 indicating that the price has reached the sideways region. This suggests that neither the bulls nor the bears have control of the price.