Long-term price analysis XRP | CryptoGlobe

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Long-term price analysis XRP

xrp-long-term-price-analysis-1

  • bears have not been able to convincingly gather a force strong enough to push the market.
  • Bulls could tighten their seat belts to make a return to the market and make a considerable move.

XRPUSD Long-Term Trend – Scope

Distribution Territories: $ 0.80, $ 0.90, $ 1

Accumulating land: $ 0.35, $ ​​0.25, $ 0 , 15

Almost like last week, Ripple's XRP started this week's moves. These are appearing very closely to go south. The bears have not been able to convincingly gather a force strong enough to drive the market, but they seem to have control of the movements that go.

 Ripple, XRPUSD, Cryptocompare chart XRP Chart of TradingView

Another notable development for XRP is that it slowly floated below the 14-day SMA trend line to and around the lowest price that hit 29 June and 14 July.

There is a considerable space between the two SMAs as SMA of 14 days is still lower than the 50-day SMA. Stochastic Oscillators have moved south to briefly pass to the 20 range. This suggests that placing any trade could be avoidable for a while, since the XRP was pushed south to touch its last point. lower price to $ 0.42, and should not be dragged further for a while.

At this point, the bulls could tighten their seat belts to make a return to the market and make a considerable move. Traders may be looking for long decent trading income.

The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.

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