Technical Indicator Signals that XRP Is on the Verge of a Massive Movement

Next XRP Movement May Favor Bulls, But Macro Outlook Remains Grim At the time of writing, XRP is trading down just under 2% at its current price of $0.217, which marks a slight decline from its daily highs of over $0.22. While looking at XRP’s weekly price action, the cryptocurrency has seen a notable sell-off that has sent it down from highs of nearly $0.24.

Because the XRP is currently one of the few major cryptocurrencies that is trading down over a year-to-date period, investors are keen on it incurring a relief rally that allows it to put some distance between its recently set post-2017 lows of just under $0.20. Cryptomer, another popular cryptocurrency analyst on Twitter, explained in a tweet from last week that XRP has found notable buying pressure around $0.21, with this buying pressure in this level potentially sparking a short-term uptrend that sends it up to $0.25.

Timeline of Xrp