- Ripple price remains on a sideways trend from previous week no signs of recovery
- Ripple price today is $0.23 with a gain of 0.76% in the last 24 hours and 6.20% up from the previous week
- XRP/BTC pair is also performing positive with an overall gain of 1.77% in Tuesday’s trading session (0.00000747)
On the weekly chart, Ripple was in a sideways trend from last week. The price of XRP is not showing any positive signs for the investors to show some interest in the coin. XRP is in a consolidation phase for now and struggling between the price of $0.22 – $0.23.
Ripple Technical Levels Shows No Signs Of Recovery
The weekly technical chart of XRP highlights a Sideways trend built by the coin. A sudden spike in price movements can be seen on Jan 4 when the price went up to $0.25 and returned to its struggling zone of $0.22 – $0.23. The resistance zone is placed at $0.27 with the following support zone of $0.19.
If we dive into the weekly chart’s 30-minute time frame, A Three Outside Down candle is formed.
The 200 Day Simple Moving Average has also placed at $0.31 the current trading price is still below it and shows no signs of recovery in the coin.
The Moving Average Convergence Divergence (MACD) runs very close to the signal line without forming a massive bearish or bullish crossover this week. The histogram is also forming a tiny green and red bars from the past few days, indicating a sideways trend in XRP.
Meanwhile, the Commodity Channel Index (CCI) with a value of 62 indicates that the coin is in a neutral phase and shows no signs of recovery.
Ripple (XRP) is currently below its 200 day SMA and struggling between its resistance and support zone this week with no positive signs of retracing back. The trend of XRP remains unclear until it breaks any of these two zones.