Long-Term Outlook

XRP Weekly Logarithmic Chart – Source: Tradingview.com

A look at the Weekly chart for XRP in logarithmic form shows that price is trading at $0.293, within the upper bound of the support area of $0.26-$0.30.

If the support area fails, the next one will be found at $0.14-$0.17.

Price is trading well below the 7 and 21 period moving averages.

The next resistance area is found near $0.5.

The RSI is at exactly 40, indicating neither oversold nor overbought conditions.

Furthermore, the MACD has made a bearish cross and has started falling.

The previous weekly candle was a doji, indicating indecision in the market.

Medium-Term Outlook

Chart – Source: Tradingview.com

A look at the 3-day chart shows that the price is very close to reaching the minor support area near $27.

Furthermore, the price has made three unsuccessful attempts at breaking the resistance offered by the 7-period MA and is trading below all of the moving averages and the Ichimoku cloud.

While no significant developments are occurring in the RSI, the MACD just rejected a bullish cross and is falling sharply.

Chart – Source: Tradingview.com

A look at the Daily chart solidifies the conclusions from the 3-day one.

Similarly, the price is facing very close resistance from the 7-period MA after multiple unsuccessful attempts at breaking out.

Furthermore, the MACD has just made a bearish cross and started falling.

Price is currently in the process of making a triple bottom and what possibly looks like a cup and handle pattern (bearish continuation pattern).

Short-Term Outlook and Price Prediction

Chart – Source: Tradingview.com

A look at the 4-hour chart shows the current structure that price is trading in.

Since the drop from $0.44 occurred on December 24th, the price has been trading in a descending wedge for the past month and a half.

Currently, the price has fully retraced and is back to $0.29.

There is some bullish divergence occurring in the RSI, contradicting the bearish indicators of medium-long term indicators.

Price Prediction:

I believe that during this week price will keep falling to the bottom of the support range at $0.26.


  • Price is trading within the support area of $0.26-$0.30.
  • In the medium-term price is possibly making a triple bottom pattern.
  • Price is trading in a short-term descending wedge.

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