XRP is one of the quite specific coins on the market, as it just doesn’t like to follow market trends. Although during the previous week majority of coins lost some of their values, the XRP was of few rare coins which actually gained in value. The coin started the previous week in its usual side-trading-mode, went down to $0.32 and then reversed back as of the end of the week, to the level of $0.38.
The RSI went from the level of 43 up to 59. At this moment it looks like the market is watching the overbought side, however, with XRP this might not be the case, as the coin prefers side trading. Moving averages of 50 and 200 days slowed down their convergence toward each other, in this sense, the golden cross is further postponed.
As per current charts, there is probability for XRP to head toward the $0.4 resistance line to test it. Still considering its historical moves, some level of precaution with XRP is always advisable, as the coin can swiftly enter into a side-trading mood. In case of a short reversal, the $0.35 short term support line might be tested for one more time.
The RSI went from the level of 43 up to 59. At this moment it looks like the market is watching the overbought side, however, with XRP this might not be the case, as the coin prefers side trading. Moving averages of 50 and 200 days slowed down their convergence toward each other, in this sense, the golden cross is further postponed.
As per current charts, there is probability for XRP to head toward the $0.4 resistance line to test it. Still considering its historical moves, some level of precaution with XRP is always advisable, as the coin can swiftly enter into a side-trading mood. In case of a short reversal, the $0.35 short term support line might be tested for one more time.
