Ripple price update: Tepid price action prevails within a flag pattern

Ripple remains range-bound between $0.23 and $0.25.
Trading a above the 50 SMA ($0.25) could open the way for gains towards $0.29 (supply zone).

John Isige FXStreet

Ripple price action shows no enthusiasm for buyers who prefer to stay hibernated. The mundane trading over the weekend saw XRP remain largely unchanged. Besides, the price is trading sideways within a flag pattern with resistance at $0.25 and support at $0.23.

Also limiting movement north is the 50 simple moving average on the hourly chart. Applied technical indicators like the relative strength index and the moving average convergence divergence (MACD) suggests the tug war is moving in favor of the buyers.

The MACD cross above the mean line (0.000) will encourage the buyers to leave the hibernation. Trading above $0.25 (range limit) could open the way for gains towards $0.29 (supply zone).

If the bears manage to penetrate the support at $0.23, XRP could end up in losses towards last week’s support at $0.2168.

XRP/USD four-hour chart

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest

Bitcoin, Ethereum and Ripple continue to exhibit subdued volatility, consolidating within narrow ranges at the time of writing on Monday. Persistent low retail participation and weak technical structures limit the chances of any extended upside price movements.