General market sentiment was not on a positive side during the previous week, so the majority of coins reverted a bit to the downside. After not being able to clearly break the $0.40 resistance line, for a few weeks now, XRP also reverted to the opposite side, reaching its lowest weekly level at $0.37, where the coin is finishing the week.
During the week RSI crossed the 50 line, and is slowly moving toward the oversold side of the market. As of the week-end the indicator reached level of 43 which leaves some space for the coin to move to the lower price grounds. Moving averages of 50 and 200 days are still moving as two parallel lines. There is still no indication that the cross might occur soon.
As per current charts, XRP has some space for a further move to the downside, but not further from the $0.35 support line. In this sense, this level might be tested in the coming week. On the opposite side, there is a decreased probability that the coin might revert back to the $0.40 resistance line, but $0.38 might be a short term stop.
During the week RSI crossed the 50 line, and is slowly moving toward the oversold side of the market. As of the week-end the indicator reached level of 43 which leaves some space for the coin to move to the lower price grounds. Moving averages of 50 and 200 days are still moving as two parallel lines. There is still no indication that the cross might occur soon.
As per current charts, XRP has some space for a further move to the downside, but not further from the $0.35 support line. In this sense, this level might be tested in the coming week. On the opposite side, there is a decreased probability that the coin might revert back to the $0.40 resistance line, but $0.38 might be a short term stop.
