XRP Declines but Remains above $1.80

The 21-day SMA is moving downward, below the 50-day SMA barrier.

XRP long-term analysis: bearish

The price of XRP has fallen below the moving average lines since October 10, as Coinidol.com reported previously. The cryptocurrency has dropped from a high of $3.10 to a low of $1.91. The altcoin is likely to continue falling as long as the price remains below the moving average lines. XRP has temporarily paused its decline above the $1.80 support level, but faces rejection at the 21-day SMA barrier.

On the upside, XRP will resume its bullish trend if buyers keep the price above the moving average lines and positive momentum continues. XRP could rise to a high of $2.50. On the downside, if the bears break below the $1.80 support, XRP may return to its October price level of $1.00. XRP is currently worth $1.91.

Technical Indicators:  

XRP price indicator analysis 

The bulls have repeatedly broken above the 21-day SMA, but have not managed to sustain bullish momentum above the 50-day SMA. On the 4-hour chart, the price bars are between the downward-sloping moving average lines, indicating that the altcoin will continue to move within its range. 

What is the next direction for XRP?

The XRP price is undergoing an upward correction following the halt of the downtrend above the $1.80 support level. The upward move has been stopped at the $1.90 high. The cryptocurrency will remain at the $1.80 support level and below the $2.00 peak. Once the current levels are broken, the altcoin will trend.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.