As a researcher with extensive experience in cryptocurrency market analysis, I have closely monitored the recent developments in the digital asset space. Based on the latest data from CoinMarketCap, some coins from the top 10 list are experiencing fluctuations. Among them, XRP has seen a minor drop of 0.07% over the last 24 hours.
Some coins from the top 10 list are bouncing off, according to CoinMarketCap.
XRP/USD
The rate of XRP has fallen by 0.07% over the last 24 hours.
Although there was a minor decrease today, XRP‘s price has been climbing back up following a deceptive break below its previous support of $0.4706. If buyers manage to maintain control, this uptrend could result in a challenge of the resistance level at $0.4774 as early as tomorrow.
On the bigger time frame, the situation is unchanged from the technical point of view.
If the price of the stock does not significantly change during daily trading, it’s more probable that the market will continue to fluctuate between the ranges of $0.47 and $0.49 in the upcoming days.
In the context of a weekly stock chart, although the overall trend may appear bearish, it’s crucial to examine the closing price of each candle. If this price occurs noticeably above the chart’s low, there is a potential for a rebound towards the $0.48-$0.49 range.
XRP is trading at $0.4745 at press time.
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2024-06-26 19:07