Amid the Possibilities of a Bearish Breakdown below $0.2, XRP Price Develops Possibilities of Hitting $0.5

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The post Amid the Possibilities of a Bearish Breakdown below $0.2, XRP Price Develops Possibilities of Hitting $0.5 appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Ripple (XRP) Price Analysis

Ripple price after the recent market slash is swinging within very narrow regions pointing out towards a prolonged accumulation phase. However, the wave accumulation may continue ranging above and below the current pivot levels. And once the market conditions stabilize a significant upswing may compel the price to form higher highs and lows ahead.

The XRP price could swing in between $0.43 and $0.39 for some more time ahead, maybe until the weekend. However, the coming weekend may turn the tables for the crypto space as it does each time. Therefore, if the price undergoes a significant upswing then it may begin the weekly trade above $0.45 and could also reach $0.5 levels quickly. Else may continue to hover along with the same levels.

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Ripple (XRP) Technical Analysis

Technical Indicators

Indicator	Value(1Hr / 1D)	Action(1Hr / 1D)
Relative Strength Index(RSI)	31.87 / 32.15	Sell / Sell
MACD	-0.001 / -0.072	Sell / Sell
Average Directional Index (ADX)	44.49 / 49.17	Sell / Sell
Average True Range (ATR)	0.0062 / 0.057	High Volatility / High Volatility

Pivot Levels

Pivot Levels	Short-Term	Long-Term
Moving Average (MA) -50	$0.416	$0.64
Moving Average (MA) – 200	$0.421	$0.79
Resistance	$0.48	$0.55
Support	$0.37	$0.33