- XRP bears sent the price below $0.29 but the bulls held their ground at $0.2869.
- XRP will remain range-bound in the coming sessions on Monday 1.
Ripple sideways trading still dominates the market for six weeks in a row. There have been incidences when the price has broken past the support and resistance levels, however, no significant movement was recorded ether direction. On March 26, XRP bears sent the price below $0.29 but the bulls held their ground at $0.2869 before the price recovered to test $0.32 towards the end of the week.
At present, the 4-hour chart shows XRP trading at $0.3132 after the retracement from the resistance at $0.32. The 100 SMA is offering support at $0.3125 while the next support target is at $0.3082. The range support at $0.30 is also working as an anchor while last week’s low at $0.2869 is the key support level. Other support areas for XRP include $0.28 and $0.26.
On the upside, initial resistance exists at $0.32 as mentioned. A break past this range will face the range resistance at $0.3272 before facing more hurdles at $0.33 and $0.35 respectively.
As far as the trend is concerned, XRP will remain range-bound in the coming sessions on Monday 1. Indicators like the RSI and the MACD are horizontal to show that the indecision is likely to continue.
XRP/USD 1-hour chart 
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