XRP experienced an 11% surge to $2.59 last Wednesday after the SEC dropped its case against Ripple. However, the enthusiasm quickly waned. Since then, XRP has been trading between $2.30 and $2.50. A new red bar in the three-line break chart signals a bearish shift in momentum. The moving average convergence divergence (MACD) histogram shows deepening bars below the zero line, indicating strengthening downside momentum. The 5- and 10-week simple moving averages (SMAs) have crossed bearish. Bollinger Bands have widened following a sharp rally, a pattern that historically precedes downturns. A move above $3, the high from March 2, could negate this bearish outlook. Some analysts predict XRP could reach $10 by the end of the decade.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
