Weekly Moving Average We have a death-cross on the weekly 50-100 MA. That is bearish. The 50 MA is flattening out slowly, that is a good sign for stabilization (sideways market), imo. The 100-200 MA are still pointing upwards, so the overall long market trend of XRP is up, imo. Price ranges below 50-100 MA, above 200 MA. It may test 200 if the bear market continues, or it gets pulled toward 50-100.
Price Range I made the green boxes to show where I believe the price will range for a while. I believe we are in sideways market now. Accumulation, one may say.
Imo, the following tips are correct: investinghaven.com/crypto-blockchain/50-cryptocurrency-investing-tips-2019-2020/ "Tip # 42: Consolidations create a very bullish long term outlook for any asset or market. Essentially, during sideways trading, sellers tend to leave the market every time the price peaks. If a consolidation goes on long enough all sellers leave this market. That’s the ideal market condition for a new bullish trend. Tip # 44: The saying goes “the bigger the base, the higher in space” which means that the longer a sideways consolidation period the more bullish power because there are less sellers in that market. That’s what’s happening in the crypto market right now. Tip # 45: Identifying and tracking consolidations on monthly and weekly timeframes is key to identify when the new bull market starts."
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The XRPBTC chart shows us the same picture: 100-200 weeky MA pointing up. The overall trend is up.