XRP Price Analysis: XRP Weekly Chart

A look at the Weekly chart for XRP shows that price is very close to the $0.26-$0.28 support area, currently trading at $0.30.

Price is trading below the 7, 21, 50, 200-period moving averages and the Ichimoku cloud.

The MACD has made a bearish cross and is falling, albeit without significant power.

The RSI is at 42, indicating neither overbought nor oversold conditions.

However, the 7-period MA is steadying itself, possibly setting up for a bullish cross.

A look at the 12-hour chart shows the short-term price is moving in a descending wedge, with the red line projecting the future price movements.

I believe that price will consolidate inside the descending wedge until the middle of February, falling to the support area at $0.26-$0.28, before breaking out of the descending wedge.

A look at the Weekly chart for Dogecoin shows that price is trading at $0.00192, close to the bottom of the support area at $0.0018-$0.002, corresponding with the 200-period MA.

The RSI is at 37, indicating neither overbought nor oversold conditions.

If the support area does not hold, the next one will be found at $0.009.

Furthermore, the MACD is steadying itself, getting ready for a bullish cross.

However, the price is below the 7,21,50, period moving averages and the Ichimoku cloud.

A look at the 12-hour chart shows that price is currently trending in a downward channel, somewhat resembling of a descending wedge.

I believe that price will find support in the support area at $0.0018-$0.002 which corresponds with the 200-Week MA, and after consolidating in the downward support channel for a couple of weeks.

A look at the Weekly chart for Stellar shows that price is trading at $0.082, slightly below the 200-Period MA.

It is worth keeping an eye on if the Weekly candle closes below it.

The next support area formed by the highs of April 2017 is found at $0.006-0.0065.

Price is trading below the 7, 21, 50, period moving averages and the Ichimoku Cloud.

The MACD is falling, albeit with decreasing power.

A look at the 12-hour chart shows that price is following a descending resistance line.

There is some bullish divergence developing, and the MACD has made a bearish cross.

I believe that price will continue falling to the support area at $0.006-0.0075.

A look at the 3-Day chart for TRX shows that price touched the resistance area at $0.29-$0.31 and quickly retraced to $0.26 where it is currently trading.

Price initially reversed after touching the resistance offered by the 50-period MA and the Ichimoku cloud.

Price has developed significant bearish divergence in both the RSI and the MACD, the latter getting ready to make a bearish cross.

I believe that during the next week the price of TRX will fall down to the support area at $0.21-$0.22 which corresponds with the 7-period MA.

DOGE, XRP, XLM, TRX: What’s in Store for Price in the Coming Weeks? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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