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Long-term price analysis XRP
XRPUSD Long-Term Trend – Bullish
Territory Distribution: $ 0.55, $ 0.65, $ 75.
Accumulating territory: $ 0.20, $ 0.15, $ 0.10 .
The Ripple XRP suffered a considerable loss in its commercial sessions between August 12 and August 14 respectively. The cryptocurrency managed to change its path downward on August 15th, to test $ 0.30. In the end, he was able to overcome it on August 17th.
XRP Chart of TradingView
XRP is now pushing north against the 14-day SMA trendline. Breaking the $ 0.30 price line means that cryptography is now moving towards the distribution territory of $ 0.40. The 50-day SMA is above the 14-day SMA, and both are above the price of XRP.
Stochastic oscillators point northward within the oversold zone. This means that the market may soon become bullish. The sudden rise that occurred in the value of this crypt yesterday, 17 August, seems to be a strong signal that is not overwhelmed by the presence of bears. Traders can consider the inclusion of long positions bearing in mind the correct financial management.
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