XRP Continues Following Its Long Consolidation Phase This Week
The weekly technical chart of XRP highlights a Sideways trend built by the coin. A sudden spike in price movements can be seen on Jan 4 when the price went up to $0.25 and returned to its struggling zone of $0.22 - $0.23. The resistance zone is placed at $0.27 with the following support zone of $0.19.
The 200 Day Simple Moving Average has also placed at $0.31 the current trading price is still below it and shows no signs of recovery in the coin.
The Moving Average Convergence Divergence (MACD) runs very close to the signal line without forming a massive bearish or bullish crossover this week. The histogram is also forming a tiny green and red bars from the past few days, indicating a sideways trend in XRP.
Meanwhile, the Commodity Channel Index (CCI) with a value of 62 indicates that the coin is in a neutral phase and shows no signs of recovery.
The 200 Day Simple Moving Average has also placed at $0.31 the current trading price is still below it and shows no signs of recovery in the coin.
The Moving Average Convergence Divergence (MACD) runs very close to the signal line without forming a massive bearish or bullish crossover this week. The histogram is also forming a tiny green and red bars from the past few days, indicating a sideways trend in XRP.
Meanwhile, the Commodity Channel Index (CCI) with a value of 62 indicates that the coin is in a neutral phase and shows no signs of recovery.
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