XRP Price ‌Analysis:‌ XRP Price CMP Above 20-DMA, After a Long Time

  • XRP price over the monthly chart is trying to recover from the lower levels while struggling above 20-Day short term (DMA).
  • The crypto asset is presently trading below its major moving averages of 50, 100, and 200-DAM lines, while CMP is above the 20-DMA line after a long time.
  • The pair of XRP/BTC is trading on a bearish note at 0.00001691 BTC with an intraday loss of -1.64%, and the ratio of XRP/ETH is CMP at 0.0002852 ETH with a loss of -1.25%
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XRP price, over the monthly chart, is now trying to rebound from the lower levels while the volume also increases. Presently, the crypto asset is trading just above the 20-DMA line (red) and is placed below 50, 100, and 200-DMA lines.

Moreover, after a long time frame, the coin is now trying to sustain above the 20-DMA line. Volume at the monthly chart is slightly higher and jumps above its average volume lines, improving in upcoming trading sessions. Support on the lower side is at $0.5780 and $0.5180, whereas resistance on the higher side is $0.7850 and $0.9300.

XRP price is projecting a bullish trend at the 4-hour time frame

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Over the weekly chart, XRP price is projecting a bullish trend at the 4-hour time frame. At the same time, the coin is making higher highs and lower lows sequences with good volume traction. As a result, the technical parameters are now trading sideways after a sharp roller-coaster momentum. Presently, the XRP price is trading at $0.6280 with an intraday loss of -6.40%, and the volume to market cap ratio is at 0.106.

Relative Strength Index (Bullish): XRP price RSI presently indicates a slight bullish or positive trend over the weekly chart. In contrast, the RSI is heading higher after testing the overbought zone and now CMP at 55.

Moving Average Convergence Divergence (Neutral): This currently indicates a neutral or cautious trend on the daily chart. This is because the buyer’s signal line (orange) overlaps the seller’s line (blue) with no sign of clear momentum.

Support levels: $0.5780 and $0.5180

Resistance levels: $0.7850 and $0.9300.

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