Bollinger bands indicator of frequently used technical analysis XRPHe put forward a remarkable picture of the price of the price. Technical analysis of daily, weekly and monthly graphics indicate that the current levels are below the average of the market and therefore XRP is incorrectly priced.
Daily and weekly view in XRP
The XRP is traded at $ 2.83 in the daily graph. Bollinger bandsThe middle band’s middle band is located at $ 2.91, while the lower band creates support at $ 2.70. Although the price is below the average value, it does not test the lower level, indicates a technically balanced appearance. This appearance shows that XRP is priced low compared to its 20 -day average value.
In the weekly time period, the XRP continues to stay above $ 2.60. While the upper band dates back to $ 3.46, the difference between the current price and the upper band reaches approximately 20 percent. This is a wide range XRP Coinshows that there is a upward movement area.
Monthly Graphic View
Monthly data shows that XRP has protected the level of $ 1.57 since the beginning of the year. This level stands out as a long -term support zone. The current price is at the level of $ 2.83, while the upper band rises to $ 3.51. This indicates that the current level of XRP is low compared to monthly indicators.
Technical data reveals that XRP is priced below in time periods from daily to monthly compared to average values. The data offered by the Bollinger bands indicator reflects that the price range is expanded and has the potential to move towards the highest levels.
At the time of the news, the XRP is traded for $ 2,84 with a very limited decline of 0.05 percent in the last 24 hours. Altcoin 1.05 percent in the last 7 days, in the last 30 days with a decrease of 3.53 percent is priced.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
