- Trading sessions seems to have slowed down as the cryptocurrency is neither controlled by the bears nor the bulls.
- Disciplined traders can take advantage of the $0.50, $0.45 and $0.40 clear key price territories to enter positions.
XRPUSD Long-term Trend – Ranging
Distribution territories: $0.80, $0.90, $1
Accumulation territories: $0.30, $0.20, $0.10.
For the past few weeks, the price of XRP has been ranging along the $0.45 price territory. As the cryptocurrency is neither controlled by the bear nor the bull, trading sessions seems to have slowed down.
XRP (XRP) Price Today – XRP / USD
The price of XRP has been hovering along its SMAs, which are close together. The 14-day SMA from above, moved on top of the 50-day SMA and now they’re crossing.
The Stochastic Oscillators have crossed and are now slightly above range 60. This tells us that the bulls, to some extent, are gaining momentum over the bears.
Disciplined traders can take advantage of the $0.50, $0.45 and $0.40 clear key price territories to enter positions. Against the said key areas, traders should be on the watch out for a strong correction.