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- XRP price prediction suggests the strong downtrend momentum of XRP crypto.
- XRP price action has fallen below 20, 50, 100 and 200-days Daily Moving Average.
- The pair of XRP/BTC is at 0.00002228 BTC with an intraday drop of 1.91%.
XRP price prediction suggests the strong downtrend momentum of XRP crypto. XRP coin price managed to recover from the previous consolidation phase but ended up sticking inside the horizontal range. XRP coin price needs to attract more buyers as it nears the lower price range of the consolidation phase. XRP cryptocurrency must sustain above $0.40 level to surge towards the upper price range of the consolidation phase. Meanwhile, XRP coin price has been consolidating inside the price range of $0.40 and $0.55 and is trying to sustain at the lower price range.
XRP price is currently approximated at $0.438 and the token has lost around 7% of its market capitalization in the last 24-hour period. However, trading volume has increased by 63.95% during the intraday trading session. This demonstrates that buyers are trying to accumulate themselves to provide the token support before $0.40.
XRP coin price is trying to sustain at the current level as it nears the lower price range of the consolidation phase. Meanwhile, volume change can be seen above average and needs to grow in favor of bulls to reverse the current trend of XRP crypto. However, XRP price action has slipped below 20, 50, 100 and 200-days Daily Moving Average. XRP investors need to wait for any directional change over the daily price chart.
What do Technical Indicators suggest about XRP?
Technical indicators suggest the downtrend momentum of XRP crypto. Relative Strength Index showcases the downtrend velocity of XRP crypto. RSI is at 42 and is heading straight towards the oversold territory. MACD exhibits the falling trend of XRP crypto. The MACD line is below the signal line after a negative crossover. XRP investors need to wait for any directional change over the daily price chart.
Conclusion
XRP price prediction suggests the strong downtrend momentum of XRP crypto. XRP coin price managed to recover from the previous consolidation phase but ended up sticking inside the horizontal range. XRP coin price needs to attract more buyers as it nears the lower price range of the consolidation phase. However, XRP price action has slipped below 20, 50, 100 and 200-days Daily Moving Average. XRP investors need to wait for any directional change over the daily price chart.
Technical Levels
Support Level: $0.40 and $0.38
Resistance Level $0.50 and $0.55
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.