The price of Ripple (or XRP coin) is moving in a sideways direction above the moving-average lines. The value of cryptocurrency used to be between $0.43 and $ 0.64.

XRP Long-term Analysis: ranging

The price range is now smaller than the moving average, which is the $0.56 resistance and support. Doji candlesticks have caused the price to stay stationary. If the bulls are able to break through the resistance of $0.60, then the market will move above the upper resistance of $0.64. If the bears were to fall below the moving-average lines, then XRP could drop back to its $0.50 low.

The cryptocurrency is currently at $0.58.

Analysis of XRP indicators

XRP is trading above the moving average line since September 14, according to CryptoGuestPosts. The altcoin was trapped in a small range for more than a month. Price bars have remained stationary due to the emergence of doji candles. Altcoins will change when the price breaks through the resistance of $0.60 or falls below the moving average lines.

Technical indicators

Key Resistive Levels – $0.80 and $1.00

Key Support levels - $0.40 & $0.20

What is the future of XRP?

On the 4-hour chart XRP is currently trading below the $0.60 resistance and above the $0.56 support. Altcoins will fall if buyers do not break through resistance at $0.60. Altcoins are currently falling toward the moving average line. If the price drops below the moving-average lines, the altcoin is likely to fall.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.