- In the near future, we can see a rise in the price of the XRP more than the decreases.
- Between 14 December and 6 February, the XRP saw a bottom price below the $ 0.3 mark, which was a price point that bulls used to build in order to run in a seeming run.
XRP / USD Long Term Trend Zone
Propagation Zones: $ 0.40, $ 0.45, $ 0.50
Accumulation Zones: 0.20 Dollars, 0.15 Dollars, 0.10 Dollars
The price of the XRP is lower than the 0.3 dollar mark. On 8 February, the crypto currency stood against the 14-day SMA and did not exceed the 50-day SMA average, even though it exceeded the price at that point.
TradingView's XRP Chart
At this time, the price is still within a range found between both SMAs. The 14-day SMA is close to $ 0.3. The 50-day SMA is close to $ 0.35. Stochastic Oscillators draw a diagonal line in the range of 20 and 40. This means that in the near future we see increases in the price of the XRP.
Between 14 December and 6 February, the XRP fell below the $ 0.3 mark, where the bulls gathered to perform a run. Investors may consider investing in crypto currency.
In recent days, Ripple continues to occupy the agenda with giant OTC moves. Ripple also continues to be the second largest player in the crypto money market. Ripple, which has close to 60 billion XRPs, sells to its partners and big companies from time to time.
At the time of writing, the XRP is trading at the $ 0.30 level with a 1.38% decrease compared to 24-hour data.
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