The price of Ripple (XRP) has fallen below the low of $0.36 and entered the bearish trend zone.
Dugoročna prognoza za Ripple cijenu: medvjedast
On February 15, XRP bounced back above the moving average lines as the altcoin moved back up. However, the $0.40 barrier staved off the upside move. The cryptocurrency value fell above the 50-day line yesterday SMA. So, XRP is trading between the moving average lines. The cryptocurrency is back in its old range-bound region. When the moving average lines are crossed, the altcoin will trend. For example, if the price of XRP breaks the 50-day line SMA, it will fall to its previous low. The price of XRP has already fallen to lows of $0.34 and $0.36 as bulls bought the dips. Resistance at $0.40 has capped the upside move. The altcoin is now trading at $0.38 as we write this article.
Analiza pokazatelja Ripple
The value of the coin has fallen into a bearish trend zone. For the period 14, it is at level 48 of the Relative Strength Index. However, as the price bars are between the moving average lines, XRP might be forced to move in a range. Below level 40 of the Daily Stochastic, the altcoin is experiencing bearish momentum.
Tehnički indikatori:
Ključni nivoi otpora - 0.80 USD i 1.00 USD
Ključni nivoi podrške - 0.40 USD i 0.20 USD
Koji je sledeći potez za Ripple?
Ripple has weakened in the area between the moving average lines. The altcoin has a tendency to resume its sideways trend for a short period of time. Alternatively, it may bounce above the existing support and move back up.
Odricanje od odgovornosti. Ova analiza i prognoza su lično mišljenje autora i nisu preporuka za kupovinu ili prodaju kriptovalute i ne treba ih posmatrati kao podršku od strane CoinIdola. Čitaoci bi trebali sami istražiti prije ulaganja
Source: https://coinidol.com/ripple-range-bound-zone/