XRP May Continue Trading Sideways – April 19
It is yet on the record that the XRP may continue trading sideways, as showcased by the upper and the lower horizontal lines. There are also high and low-value lines of $0.78 and $0.75 within which the crypto-economic price has traded as it maintains a minute positive percentage of 0.68.
XRP may continue trading sideways
Key Levels:
Resistance levels: $0.90, $1.00, $1.10
Support levels: $0.70, $0.60, $0.50
XRP/USD – Daily Chart
The daily chart shows XRP may continue trading sideways as two horizontal lines marking $0.90 as the higher range line and $0.60 as the main lower range line. Recently, the base instrument built energy from the lower-trading support spot of $0.70 to face resistance around the SMA trend lines at $0.80. The 50-day SMA indicator is at the value-line as the 14-day SMA indicator is closely underneath it. The Stochastic Oscillators have extended northbound to touch a particular point at the 80 range line.
As XRP may continue trading sideways, will the price push more to the upside beyond the $0.80 resistant trading line soon?
Some ups are imminent in the crypto-economic business activity as XRP may continue trading sideways. A sudden breakout at the $0.80 resistant trading spot will potentially lead the price toward averaging the upper range point at $0.90 in the long-term run. However, if bulls tend to put with an in-active force at this point, a pit stop will prevail around its current trading area for a while.
On the downside of the technical analysis, the Ripple XRP/USD market bears may have to stay alerted to stop the emergence of a bearish candlestick at a higher-trading resistance spot around the upper range-line to have a closure trait to re-launch a sell order. On the contrary, the scenario may as well come to materialize before the $0.90 resistance level, while an upward momentum tends to lose out at the $0.80.
XRP/BTC Price Analysis
In comparison, Ripple XRP attempts to lose momentums pairing with Bitcoin on the daily price analysis chart. The cryptocurrency pair is trading sideways in the zones marked by the upper and the lower horizontal lines for identification. The SMA trend lines are moving closer together in the range spots. The Stochastic Oscillators have crossed their lines southbound slightly against the range of 80 to suggest the base altcoin may be losing stances to the flagship countering crypto during the subsequent trading sessions
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