According to CoinMarketCap, the value of many coins is increasing, but not all coins follow this trend.
XRP/USD
The price of XRP has declined by 0.78% over the last 24 hours.
Although XRP experienced a decline today, its hourly chart indicates a positive outlook. If the day’s closing price remains near current levels, there’s a possibility for a resistance breach, leading to a potential advance toward the $0.51 mark.
Over a longer period, XRP‘s price chart looks much the same. The value has rebounded from the $0.47 mark once more, indicating that buyers are determined and unwilling to back down. Based on technical analysis, there could be enough momentum for a jump towards the $0.53-$0.54 range.
In the long-term perspective depicted by the weekly graph, it’s uncertain which direction the price will take since it’s still a significant distance from major price points. Neither side appears to be in control yet, making it plausible for the price to continue hovering around the $0.50 mark through consolidation.
XRP is trading at $0.4978 at press time.
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2024-04-19 18:13