Ripple XRP price analysis: stability on the dot

• Bitcoin is still the market leader that occupies at least 52.4% of the market value of the market.
• Buyers of XRP must strive to overcome the resistance of the range to $ 0.34.

The cryptocurrency market is halfway between the week's negotiations. However, activities are showing good levels of stability. The market value decreased only $ 1 billion from $ 122 billion yesterday to yesterday's $ 121 billion. Bitcoin is still the market leader that occupies at least 52.4% of the market value of the market. Ripple's XRP is currently the largest market share in the market with a capitalization of $ 13.4 billion. At the time of writing, the trade volume of 24 hours a day is $ 450 million.

Like most resources on the market, XRP is in red. The live streaming data on FXStreet show that there was a fall of 0.99% on the day. However, XRP is still stuck in a resistance limit range of $ 0.34 and interval support at $ 0.316. The price is also slightly lower than both the simple 50-day and 100-day moving average, both of which limit earnings around $ 0.33.

Looking at the chart below, the applied indicators show that the current side trend is here to say at least for the rest of Thursday's trading. However, the Relative Strength (RSI) has withdrawn from the level where it has almost hit the oversold region. The RSI is currently horizontal at $ 43.58. The directional movement index (DMI) on the same chart is also horizontal at $ 27.37 to confirm the trend. For a correction towards $ 0.4, XRP buyers must strive to overcome the resistance of the range to $ 0.34.

Diagram XRP / USD 60 & # 39;