XRP Long-term Price Analysis – March 31

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  • XRP is still consolidating, as indicators show the momentum that could back up a move up against the US dollar has been slowly fading away.
  • Traders should consider their positions carefully and enter when the price shows some action.

XRPUSD Long-term Trend – Ranging

  • Distribution territories: $0.40, $0.45, $0.50
  • Accumulation territories: $0.25, $0.20, $0.15

XRP’s price has been locked within a specific range for the past few weeks. The cryptocurrency has been hovering around the $0.3 mark for close to a month now. Its two SMAs are trading close to it as well.

Ripple, XRPUSDXRP Chart by TradingView

The Stochastic Oscillators now at range 60 pointing north. This shows XRP is still consolidating, as the indicator shows the momentum that could back up a move up against the US dollar has been slowly fading away.

It’s necessary for XRP to see new lows for it to be able to see the bulls take over once again. Traders should consider their positions carefully and enter when the price shows some action.

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

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