XRP Remains Stable and Firm above $1.80

XRP/USD Long-term Trend: Ranging

The XRP price has remained stable and firm above $1.80 since November 21. The bearish momentum has retested the $1.80 support level for the fourth time since October 10. XRP is currently trading in a close range between the $1.80 support and the 21-day SMA barrier. The price movement has remained steady due to the presence of Doji candlesticks. Doji candlesticks symbolize traders who are uncertain about the direction of the market.

The cryptocurrency is trading in a restricted range and may rebound near the 2’1-day SMA level. A price rebound will send XRP to the peak of the 50-day SMA barrier, or $2.00. If the present support level is breached, XRP will fall to $1.60 or lower. Currently, XRP is valued $1.87.

Technical indicators

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

Daily Chart Indicators Reading:

The XRP price bars have continued to consolidate below the downward-sloping moving average lines. The existence of Doji candlesticks has caused price movement to remain stationary. The price bars have encountered resistance at the 21-day SMA. The current trend will terminate when buyers maintain the price and bullish momentum above the moving average lines.

XRP/USD Medium-term Trend: Ranging

XRP has been trading sideways after it stalled its drop above the $1.80 support level. On the 4-hour chart, the development of Doji candlesticks has caused the price to remain stable at $1.87. The cryptocurrency price is trading above the moving average lines and could rebound.

4- Chart Indicators Reading

The price bars are located above the horizontal moving average lines. The cryptocurrency price bars are consolidating above the moving average lines. The crypto asset is now experiencing choppy price activity. As Doji candlesticks emerge, the support and resistance levels become indistinguishable.

General Outlook for Ripple (XRP)

XRP is currently in a sideways trend, although it has remained stable and firm above $1.80. On the 4-hour chart, the cryptocurrency price has been trading above the $1.80 support but below the $1.95 resistance level. Today, XRP is increasing, but its price has remained stable at $1.87. The crypto signal is negative, with the altcoin trading below the moving average lines.

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