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Most coins failed to sustain yesterday’s rally, according to CoinMarketCap.
Ripple/USD
The price of XRP has fallen by 1.84% in the past 24 hours.
On the hourly chart, XRP price is in the middle of the local channel, between the $3.0937 support and $3.1360 resistance.
Related to
Since neither side is in control, any sharp movements are unlikely to occur by the end of the day.
On the larger time frame, the situation is similar. Trading volume is low, which confirms the absence of strong buyers and sellers. In this case, continued sideways trading in the $3-$3.20 range is the most likely scenario.
From a mid-term point of view, traders should focus on the close of the weekly candle at its peak. If this happens near $3.40, there is a chance to test the $3.6-3.8 area soon.
XRP is trading at $3.1083 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
