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  • XRP/USD lacks clear directional bias, awaits a range breakout.
  • Ripple ranges between 100 and 200-DMA.
  • Daily RSI has turned flat but stays below the midline.

Ripple (XRP/USD) is consolidating its rebound from multi-month lows, awaiting a strong catalyst for a range breakout.

A tug-of-war between the bulls and bears have left the no. 3 coin in limbo over the last two trading sessions. The price looks set to end the week within Friday’s range between $0.3703 and $0.2456.

XRP/USD: Daily chart

Ripple’s daily chart shows a doji candlestick pattern for the second straight day, indicative of a likely buyers’ exhaustion.

The bulls need to take out the critical resistance at $0.3565 to extending the recovery momentum. That level is the meeting point of the horizontal 100-daily moving average (DMA) and 38.2% Fibonacci Retracement (Fib) of the decline from December 17 to December 29.

Acceptance above the latter could bring the 50% Fib of the same tumble at $0.4128 into play.

To the downside, the convergence of the bearish 21-DMA and horizontal 200-DMA at $0.2988 could offer strong support.

The 23.6% Fib at $0.2880 would be the last resort for the bulls.

The Relative Strength Index (RSI) trades flatlined, currently at 47.58, suggesting weakening upside bias.

XRP/USD: Additional levels to consider