XRP Fluctuates as It Hits the $2.50 Barrier

XRP/USD Long-term Trend: Bullish

The price of XRP has continued its sideways trend above the 21-day SMA support as it hits the $2.50 barrier. The price movement has been limited above the 21-day SMA support and the recent high. Positive momentum will return when XRP breaks above $2.50 and reaches the $3.00 high. The altcoin will rise once again if it surpasses the $3.00 peak.

However, at the recent high, XRP will continue to move sideways above the 21-day SMA support where it is rejected. If the 21-day SMA support is broken, XRP will fall. The current value of XRP is $2.28.

Technical indicators

Key Resistance Levels: $2.50, $3.00, $3.50
Key Support Levels: $1.50, $1.00, $0.50 

Daily Chart Indicators Reading: 

A potential increase in the cryptocurrency is indicated by the price bars being above the moving average lines. As XRP resumed consolidation above the 21-day SMA, the selling pressure decreased. If the bears break below the 21-day SMA support, the upward trend will come to an end. The trend is indicated by the horizontal moving average lines.

XRP/USD Medium-term Trend: Bearish

XRP is falling below the moving average lines. The crypto price fluctuates between lower highs and lows. The altcoin’s price falls between $2.25 and $2.50 which are a very small range. As the selling pressure eases, the altcoin is consolidating above the $2.25 support. The altcoin will move when the restricted price range is breached.

4-hour Chart Indicators Reading

On the 4-hour chart, the price bars that show the current decrease are below the moving average lines. The price bars are below the moving average lines and consolidating above the $2.25 support. The current support at $2.25 is shown by the extended candlestick tails. It suggests that there is significant buying pressure at lower price points.

General Outlook for Ripple (XRP) 

The price of XRP is still above the 21-day SMA as it hits the $2.50 barrier. The altcoin will drop and return to its previous low of $1.86 if it breaks below the 21-day moving average line. The crypto signal is moving in a range-bound manner in the interim.

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