XRP Long-term Price Analysis - December 30

  • The $0.30 territory appears to be a strong support that could see XRP’s price move down to test the accumulation territory at $0.25 if broken, and that could help it surge if it manages to hold.
  • A breakout above $0.40 may see XRP revisit its $0.45 high, and if sustained could see it reach $0.50.

XRPUSD Long-term Trend – Ranging

  • Distribution territories: $0.50, $0.55, $60
  • Accumulation territories: $0.25, $0.20, $0.15

XRP’s price has been moving between the $0.40 and $0.35 marks since December 25, after testing the $0.45 mark on December 24. The cryptocurrency has been trading around both of its SMAs, as they are located within its range’s borders.

Ripple, XRPUSD, Cryptocompare chartXRP Chart by TradingView

XRP’s 14-day SMA is bent northwards below the 50-day SMA. This means the cryptocurrency is trying to move up against the US dollar. Its Stochastic Oscillators are closing in and appearing to either be starting a consolidation movement or starting to move north.

The $0.30 territory appears to be a strong support that could see XRP’s price move down to test the accumulation territory at $0.25 if broken, and that could help it surge if it manages to hold. A breakout above $0.40 may see XRP revisit its $0.45 high, and if sustained could see it reach $0.50.

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