Technical Analysis – XRP/USD
Ripple demonstrates the lateral movement, having tested the level of $0.87, the price moved to the strong support level of $0.77.
On the daily chart, Ripple slows down strong price movements, but we know how long Ripple can be in the outset before sharp and strong price movements.
MACD is in the bullish zone, however, there is a withdrawal from the signal line, which may serve as a signal for the price to move to lower support when the MACD moves into the bearish zone.
Result: Based on the daily chart, Ripple currently has a good price for a long-term investment.
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