Ripple (XRP) Price Analysis (May 15)
• Neither XRP nor the USD has been able to make a significant move away from the $0.20 range line.
• There is a likelihood of seeing a prolonged price moves around the XRP/USD range value.
• XRP/USD bulls yet lack the sustainability power over the current range point.
Ripple (XRP) Price Analysis
• Major distribution territories: $0.22, $0.24, $0.26
• Major accumulation territories: $0.18, $0.16, $0.14
The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line.
All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area.
Ripple Technical Indicators Reading
The Upper Bollinger Band trend-line and the 50-day SMA trading indicator have conjoined a bit over the current market value at around $0.20 mark. And, there is a formation of smaller candlesticks so far around the said price point. The Stochastic Oscillators have slanting placed between the overbought region and range 60. And, that shows a weak sign of getting to witness a drop in the XRP/USD market lines soon.
To some reasonable extent, XRP/USD bulls are still in a struggling-moving mote to surge past a range point around $0.20. Until the present, there has been no strong signal that the bulls will sustain above the market value to have a bullish trend as long as the 50-day SMA trading indicator remains unbroken northwardly.
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