The price is consolidating through a descending channel.
Kumo is wide, kijun, tenkan, are acting as resistance and have been moving sideways.
ADX confirms the strength of this downtrend is strong and the width of the DIs indicate that it has possible room to go.
Stochastic had and TRIX are very oversold but do not look as if they will be have any strong bull crosses in the near future.
XRP has some very strong psychological support which is plotted in purple.
My weekly analysis price range estimate for XRP is:
Low - 0.49614
High - 0.54094
Kumo is wide, kijun, tenkan, are acting as resistance and have been moving sideways.
ADX confirms the strength of this downtrend is strong and the width of the DIs indicate that it has possible room to go.
Stochastic had and TRIX are very oversold but do not look as if they will be have any strong bull crosses in the near future.
XRP has some very strong psychological support which is plotted in purple.
My weekly analysis price range estimate for XRP is:
Low - 0.49614
High - 0.54094
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