As a seasoned crypto investor with several years of experience under my belt, I’ve learned to keep a close eye on the market trends and price movements of various coins. The recent fluctuations in the top 10 list have been intriguing, with some coins bouncing back while others continue to fall.
According to CoinStats, some coins from the top 10 list are experiencing a rebound, whereas others continue to decline.
XRP/USD
The price of XRP has risen by 1.1% since yesterday.
On the hourly chart, XRP‘s price has surpassed the previous resistance of $0.4802. A daily close above this level could signal further growth towards the $0.49 area in the near future.
When considering a longer time horizon, it’s important to notice the previous candle’s highest point since the current price is currently quite distant from significant price levels.
If purchasers manage to maintain control, the price surge could reach the resistance level of around $0.49 to $0.50 in the near future.
As a crypto investor, I’d interpret it this way: From my perspective, neither the bulls nor the bears have taken full control of the market in the midterm. The price hasn’t dropped below the crucial $0.50 mark yet, so there’s still a possibility we may see one more correction before the trend reverses.
XRP is trading at $0.4826 at press time.
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2024-06-15 21:16