XRP Long-term Price Analysis

Azeez Mustapha
  • The crypto now appears to be forming another region in which it’ll enter a rage, between the territories of $0.6 and $0.45.
  • The $0.40 mark shouldn’t yet be dismissed as it may serve as a warning against potential bearish trends.

XRPUSD Long-term Trend – Ranging

Distribution territories: $0.90, $1, $1.10.

Accumulation territories: $0.35, $0.25, $0.15.

On Sept. 20, XRP saw its price surge against the US dollar, as it made a strong rebounding move. The crypto now appears to be forming another region in which it’ll enter a rage, between the territories of $0.6 and $0.45.

Ripple, XRPUSD, Cryptocompare chartXRP Chart by TradingView

XRP has been trading between the territories of $0.55 and $0.50 over the past few days, above the 14-day SMA’s trend-line. The 14-day SMA and the 50-day SMA are separated by a notable gap, as the former has intercepted the latter from below. The Stochastic Oscillators have crossed and moved past range 60 to point south.  This suggests there can still be downward movements in the XRPUSD pair.

The $0.40 mark shouldn’t yet be dismissed as it may serve as a warning against potential bearish trends. If the crypto’s price dips below said mark, it may keep dropping. Investors can consider buying XRP once the price dips. Traders are advised to watch out for an active price movement that will allow them to enter a position in a favorable direction.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.