Ripple price analysis: is XRP this week danger of $ 2.5?

XRP has consolidated against both USDT and BTC in a relatively narrow range.

Despite the recently some arary pressure, important support levels will continue to maintain for the time being.

Nevertheless, the time for the price is to make a decision in the neighborhood.

By Shayan

The USDT pair

XRP is still stuck in a falling wig pattern after failure to break above the $ 3.60 resistance zone earlier this quarter. Price promotion has pressed lower highlights in a flat support basis just above the $ 2.60 region.

The price recently tested this support cluster that matches the travel averages of 100 days and 200 days and bounced back to the upper limit of the WIG.

Although this response is promising in the short term, XRP still remains in the WIG. A decisive daily close to $ 3.00 would be the first sign in force, but Bulls still has to erase the level of $ 3.20, which fits in with the recent high to open a bigger step to the upward.

The BTC pair

XRP continues to act against Bitcoin above the 200-day advancing average and holds the 2500 SAT support zone. The bullish crossover between 100 and 200 mas remains intact, which is a positive medium term signal.

Despite some profits under the key zone, XRP is now floating above both advancing averages. The price is compressed between 2500 SAT support and the 2,700 SAT resistance levels. An outbreak above this range would probably weigh XRP to the 3000 SAT area, while a breakdown risks a drop in the direction of the 2,000 SAT level, which puts the basis of the recent bullish.

The RSI also stays neutral at 47, which suggests that there is room to move in both directions. From now on the couple looks stable, but misses a strong momentum. An outbreak of this consolidation will define the following move.