RIPPLE is moving in down trending pattern with the current price of $0.78. The coin has constantly been descending for the past one month and came down from its high of $1.34 to recent lows of $0.62. XRP began to uplift from its support zone but could not rise much, and it is currently moving sideways with slight price movement in any direction.
The MACD line is below the signal line from over a month on the daily chart. The coin has fallen significantly, touched the support level, and has started to ascend from that point. Thus, we can expect a rise in the coin.
The bullish investors can acquire the coin currently at discounted rates once the technical parameters give a bullish indication. The RSI being at 28, is currently in the oversold zone. However, it may lead to an overbought zone soon once the price rises. The volume is unfavorable as both bears and bulls are equally participating in price movement, and the volume candles are being formed in favor of both.
On the weekly chart, the coin is about to its support level of $0.52. The MACD indicator is already giving a sell signal, while the RSI being at 33, maybe heading towards its oversold zone.
From the past few weeks, bearish candles have formed with lower lows and lower highs. However, the price has been moving sideways in the weekly chart since the past week. After looking at the weekly chart, the price may fall to its support level, which may begin to recover.
