- XRP crypto over the monthly chart is trading sideways near the supply zone and struggling to hold its 20 and 50-DMA lines.
- The crypto asset over the chart is trading above all vital moving averages of 20, 50, 100, and 200-day lines, with lower volume activity.
- The pair of XRP/BTC is trading at 0.00002502 BTC with an intraday loss of -2.04%, and the ratio of XRP/ETH is CMP at 0.0003222 ETH with a 24-hour change of -1.60%.
XRP crypto over the monthly chart is trading near the supply zone and facing difficulty to clear its previous day’s highs. At the same time, the coin is still placed above the all vital moving averages of 20, 50, 100, and 200-day lines. Volume over the chart is still lower and falls below the average line, which needs to improve.
Suppose the coin manages to suppress its supply zone of $1.30 to $1.36, with good supportive volume action. Whereas the 20 and 50-DMA lines provide short-term support at the monthly chart, a pullback can be used to make new positives. Support on the lower side is at $1.02 and $0.92, whereas resistance on the higher side is $1.36 and $1.64.
XRP crypto at the weekly time frame is consolidating
XRP crypto at the weekly time frame is consolidating or is trading sideways since the past few trading sessions. At the same time, the technical setup is also projecting the sideways trend at the 4-hour time frame. Volume at the lower time frame is still lower and needs to grow for a strong reversal in upcoming trading sessions. Presently, the XRP price is trading at $1.261 with an intraday change of -2.95%, and the volume to market cap ratio is at 0.0714.
Relative Strength Index (NEUTRAL): XRP crypto RSI presently indicates a neutral trend over the weekly chart. In contrast, the RSI is heading towards the higher zone after testing the oversold zone and now CMP at 55.
Moving Average Convergence Divergence (NEUTRAL): This currently indicates a mixed trend on the daily chart. The seller’s line (orange) overlaps the buyer’s signal line (blue) with no clear momentum.
Support levels: $1.02 and $0.92
Resistance levels: $1.36 and $1.64.