XRP is in tight support and resistance channel, the market has been hovering within this area until the price breaks out of the channel, the true trend direction cannot be ascertained for now.
Supply levels: $1.10, $1.16, $1.21
Demand levels: $1.08, $0.99, $0.95
XPR Medium-term Trend: Ranging
XPR has been ranging for a while now; the price is hovering within the Channel range of $1.08 and $0.99. Thus a possible price break out will effect from any of the key levels. Standing aside or trading within this price range, will be a proper trading approach.
The daily chart of XPR shows that the price is in-between the 14 Exponential Moving Average, below the 50 Exponential Moving Average, while the signal lines and bars of the MACD Histogram are lying flat, hence, signaling a ranging market situation.
XPR Short-term Trend: Ranging
XPR Short-term trend has been on ranging market situation. The market is not ideal for possible trading execution. Therefore waiting for the market breakout is a welcome idea.
The price is operating inside the 14 and 50 Exponential Moving Averages, indicating a ranging market trend, and the MACD Indicator is showing a weak market signal.
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