• Ripple is locked in a range between $0.26 and $0.25 amid low trading activity.
  • No rapid movements expected in the near-term unless a catalyst swings by.

Ripple lock-step trading has seen it remained unchanged across the weekend session. The lock-step trading is, instead, pushing XRP is a range with the limit at $0.26 and a possible support area at $0.25.

The hourly chart for XRP/USD trading pair shows an attempt made to rise above the resistance at $0.26 but the move was rejected and XRP culminated in another slide towards the short-term support at $0.25. Several other lousy attempts have tried to throw jabs at the impenetrable $0.26 but increasing selling activity is emanating from the descending trendline liming movement.

Ripple’s technical levels are slightly positive. The Moving Average Convergence Divergence (MACD) is holding tight on the mean line. Divergence inside the positive region will signal for more buying entry and sustained recovery towards the stubborn $0.28 resistance. The Relative Strength Index RSI) is sloping gradually towards the average as an indication of slightly growing bullish influence.

Meanwhile, investors should not expect rapid movements in the near-term sessions unless there is a catalyst. Besides the support at $0.25, traders need to be on the lookout for zones at $0.2450 and $0.2400 as they still remain vulnerable to losses.

XRP/USD 1-hour chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD: Sellers continue to lurk above $11,800, $12K still on cards?

Bitcoin consolidates the rebound on Sunday before the next leg higher. A test of $12K mark remains inevitable amid a potential symmetrical triangle. Upside remains more compelling, in light of a bunch of healthy support levels.

More Bitcoin News

LINK/USD consolidates the 52% surge to record highs of $13.66

Massive short-squeeze sent ChainLink skyrocketing on Saturday. The explosion higher lifted LINK/USD to the sixth most dominant crypto asset. Bulls take a breather after the extensive rally, what’ next?

More Cryptocurrencies News

ETC/USD storms towards $7.20 after symmetrical triangle breakout

The pullback in Ethereum Classic (ETC/USD) from $6.8844 appears to have gathered steam this Sunday, as the coin sees a rapid rise to the intraday highs above $7.15. The coin charts symmetrical triangle breakout on hourly sticks.

More Ethereum Classic News

Top 3 Price Prediction BTC, ETH, XRP: Crypto bears dominate, Ripple breaches $0.29

Ethereum is the main laggard among the top three cryptocurrencies on Sunday. Ripple breaches $0.2900 after rejection just below $0.30. Bitcoin continues to keep its range below the critical barrier at $11,817,

More Ripple News


Bitcoin Weekly Forecast: BTC hit the pause button before a decisive breakthrough

Bitcoin lived through a wild roller-coaster move during the previous weekend. The coin hit the new 2020 high above $12,000 and crashed to $10,500 in a matter of hours. 

Read the weekly forecast