XRPUSD Long-term Trend – Ranging
- Distribution territories: $0.40, $0.45, $0.50
- Accumulation territories: $0.20, $0.15, $0.10
The price of XRP has been seeing lower lows under the $0.3 mark. On February 8, the cryptocurrency stood against its 14-day SMA and although it surpassed it, it failed to move over its 50-day SMA.
Currently, the price is still within a range found between both its SMAs. The 14-day Sma is close to the $0.3 mark, while the 50-day SMA is close to the $0.35 mark. The Stochastic Oscillators have crossed at around range 20 and move to range 40. This means it’s possible we’ll see more ups than downs in XRP’s price in the near future.
Between December 14 and February 6, XRP saw its price dip under the $0.3 mark, a price point the bulls have apparently been using to build up. Investors may consider investing in the cryptocurrency-
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