XRP Long-term Price Analysis - January 13

Azeez Mustapha
  • Indicators show the bears are still in control of XRP.
  • After the emergence of a January 10 bearish candlestick, the cryptocurrency dropped again.

XRPUSD Long-term Trend – Ranging

  • Distribution territories: $0.45, $0.50, $0.55
  • Accumulation territories: $0.25, $0.20, $0.15

In the last few weeks XRP’s price has been fluctuating around the $0.35 mark, but on January 10 it went through a notable decline that affected most cryptocurrencies.

Ripple, XRPUSD, Cryptocompare chartXRP Chart by TradingView

The decline appeared to lack momentum to keep on going, but at press time XRP has dropped again. The 14-day SMA is close to the 50-day SMA, and the Stochastic Oscillators are pointing south close to the oversold zone.

This shows the bears are still in control of the cryptocurrency. After the emergence of a January 10 bearish candlestick, the cryptocurrency dropped again.

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