XRP Swings as It Returns to Its Range Below $2.65

XRP/USD Long-term Trend: Bullish

The price of XRP recovers positive momentum but returns to its range below $2.65. The cryptocurrency price broke above the moving average lines and the $2.36 barrier. XRP p rice rose to $2.65 but fell back below it. For the past 48 hours, XRP has fluctuated below its recent high. If the $2.60 barrier is broken, the crypto asset will reach a high of $3.00. 

However, if the altcoin falls below the $2.60 barrier, XRP will return to its prior range. In other words, the altcoin will trade above the moving average lines but below the resistance of $2.60. On the other hand, the altcoin will trade above the $2.00 support and below the $2.60 level where the bears break below the moving average lines. XRP is now worth $2.56.

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 moving average lines show the 21-day SMA above the 50-day SMA. The moving average lines represent a bullish signal. There are long candlestick wicks pointing to the recent peak. The altcoin is facing severe selling pressure at its recent high.

XRP/USD Medium-term Trend: Bullish

The altcoin has gained significantly on the upside. The cryptocurrency is in an uptrend with higher highs and higher lows. The price bars have risen and are now stuck at their most recent high. XRP trades above the 21-day SMA support but below the resistance at $2.65.

4-hour Chart Indicators Reading

The 21- and 50-day SMAs are sloping northward, indicating an uptrend. The price bars have stalled above the 21-day SMA support, indicating a possible continued upward advance. XRP will continue selling pressure if the 21-day SMA support is violated. The candlestick wicks point to the $2.65 high, signaling strong selling pressure.

 General Outlook for Ripple (XRP) 

The XRP price breaks above the moving average lines but returns to its range below $2.65. XRP is trading below the $2.60 barrier and above the moving average lines. When range-bound levels are breached, the cryptocurrency will trend. On the 4-hour chart, the price bars are above the 21-day SMA support. The current upsurge will end if the price breaks below the 21-day SMA support.

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