Ripple: at least some volatility

XRP is continuing to trade within a small price range, but last week the coin showed some volatility. At the beginning of the week, the coin was traded around $0.31, after which buying orders emerged and pushed the price up to the $0.35 resistance line, where the coin is finishing the week. Compared with the previous period, there has also been increased volume of trading on a daily level. Whether this trend will continue, it is hard to conclude when XRP is in question.

With the latest move, RSI was moved from level of 36 up to 57. This is the initial indication that the market is currently looking at the overbought side. Moving average of 200 days started its stronger convergence toward the MA50 counterpart. Still, there is a high distance between two lines, in which sense, the golden cross is still on pause.

XRP is finishing week by testing $0.35 resistance line. In case that buying orders continue to be prevalent on the market, the price of the coin might be pushed to the next resistance line at $0.4. However, if market strength exhausts itself in the coming days, then the price will revert to the level of support line at $0.30.