XRPUSD Long-term Trend – Ranging
- Distribution territories: $0.40, $0.45, $0.50
- Accumulation territories: $0.25, $0.20, $0.15
XRP’s price has been trading around the $0.35 and $0.30 marks. The current range the crypto is is started on January 11.
The 14-day SMA has fallen below the 50-day SMA, with the price trading close to both at press time. Both SMAs are within the cryptocurrency’s range. The Stochastic Oscillators are at around range 20, consolidating around it.
If there’s a reason for XRP to hold on to its current consolidating movements, the cryptocurrency may then see the $0.30 mark of its lower range be broken southwards. The bulls are expected to build up the foundations for a move within the $0.35 and $0.25 territories.
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