XRPUSD Long-term Trend – Bearish
Distribution territories: $0.45, $0.50, $55
Accumulation territories: $0.20, $0.15, $0.10
Notably, XRP’s price was ranging between December 9 and 13, but the crypto was visibly pushed southwards on December 14, which canceled the ranging movements’ effects. XRP has been pushed south of the $0.30 mark.
XRP’s SMAs are separated, as they’re at around $0.41 and $0.31, wit the 50-day SMA being above the 14-day SMA. The Stochastic Oscillators have dipped in the oversold zone to seemingly start consolidating within it. This suggests the bears aren’t yet completely done driving the market down.
XRP’s price can still dip to around $0.25, and can spike once it hits that mark. As the crypto’s price goes down, some point out we may be close to golden investment opportunities.
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