Can the Bulls Dismantle XRP’s Fluctuation in a Bearish Rising Wedge?

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• The bulls keep XRP from tanking below its opening weekly market price of $0.346
• XRP tested the 200-day MA with sideways movement in June, it is repeating the same trajecting at present.
• The 200-day MA is acting as the immediate resistance to XRP, if the bulls push it could break through.

XRP opened the market for the week with its price at $0.346 and it has been mostly trading in the green zone during the week. The bulls have been able to keep XRP from tanking below its opening market price. Although during the first four days of the week XRP was constricted to fluctuating within the $0.345-$0.355 range, it broke this range on December 26, as shown in the chart below.

The coin started fluctuating with more amplitude. And, it was during the second half of the past week that XRP hit a maximum price of $0.3719. However, after fluctuating in the high range between $0.360 -$0.370, XRP plunged to the $0.355-$0.360 range. Currently, XRP is trading at $0.344 and it is down 4.00% in the last 24 hours.

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