XRP price analysis – March
Yesterday the price of ripple improved, but the coin is now consolidating in an intraday zone between 0. 30 and 0. 218.
The third largest cryptocurrency saw an uptrend against the USD yesterday but is currently trading at $ 0. 199. As the XRP / USD moves sideways in relation to a short-term outlook, as disclosed by the RSI (3000) indicator, traders can expect the trend to move above the 9-day and 21-day moving averages if the price action remain in the channel.In addition, a channel breakout could strengthen the bulls and bring the price to a resistance level of $ 0. 21, $ 0.14 and $ 0. 15 or channel split could lead the market A bearish scenario if the price continues to fall and the next supports to keep an eye on are $ 0. 14, $ 0. and $ 0..
Against Bitcoin, Ripple (XRP) has been below the moving average for a few weeks. A few days ago, the bulls are trying to get back into the market as they move up towards 9-day and 21-day MAs. Now that the bull seems to be withdrawing, we can see a price rise to 2400 SAT and expect SAT resistance levels.