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 within a specific range, and has over the last few weeks been getting closer to its $0.30 mark. The 14-day SMA hasn’t been able from moving away from the 50-day SMA.
The Stochastic Oscillators are seemingly attempting to cross at range 40. XRP’s price appears to be going to consolidate in the next few days or weeks, and that could happen close to the $0.30 mark.
Investors may currently consider entering a long position in the cryptocurrency, while traders should wait for its price to move in a way suitable to their strategy.
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