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.
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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