Two weeks ago, XRP had a good week when the coin was pushed back toward the $0.40 resistance line. Previous week was optimistic on the crypto market, however, XRP is on its old track of taking small steps toward the higher grounds. Previous week was in this manner, where the coin was testing the $0.40 resistance line, but without strength to clearly break it. The highest weekly level was at $0.41 at Saturday`s trading session.
Two weeks ago RSI stayed close, but below the clear overbought market, however, during the previous week, the indicator reached level of 70, which could be treated as the dot of the overbought side. This level is an indication of potential short term reversal in price in the coming period. Moving average of 50 days continues its modest divergence from MA200 counterpart, confirming the end-of-December cross.
XRP is back in the mood of taking the small steps. During the previous week the $0.40 resistance line has been tested, but it has not been broken. RSI is showing that a short reversal might come in the coming period. In this sense, XRP might revert a bit to the downside, but with lower probability for a $0.35 support line. Based on current charts, there is a higher probability for the coin to test $0.37. On the opposite side, $0.40 resistance will be tested again.
Two weeks ago RSI stayed close, but below the clear overbought market, however, during the previous week, the indicator reached level of 70, which could be treated as the dot of the overbought side. This level is an indication of potential short term reversal in price in the coming period. Moving average of 50 days continues its modest divergence from MA200 counterpart, confirming the end-of-December cross.
XRP is back in the mood of taking the small steps. During the previous week the $0.40 resistance line has been tested, but it has not been broken. RSI is showing that a short reversal might come in the coming period. In this sense, XRP might revert a bit to the downside, but with lower probability for a $0.35 support line. Based on current charts, there is a higher probability for the coin to test $0.37. On the opposite side, $0.40 resistance will be tested again.
