The last day of the week is bullish for the cryptocurrency market, according to CoinMarketCap.
XRP/USD
XRP’s price growth from the previous day amounts to a 1.70% increase. In the past week, there has been a notable rise in its value by approximately 9%.
Although XRP has seen an uptick lately, its hourly chart indicates a bearish trend for XRP as its price has dropped following an unsuccessful attempt to surpass the $0.5357 resistance level.
If the current circumstances remain unaltered by day’s end, investors could encounter a challenge at the $0.52 mark when trading resumes the next day.
Yesterday’s bullish candle finish left bulls unable to take control. If the price falls below $0.53 during the upcoming session, there’s a possibility that the price will retreat to the $0.51-$0.52 range at the start of next week.
An improved image can be found on the weekly graph, although bears still hold the upper hand as of the mid-term perspective. If the bar finishes around $0.54, traders might observe a price stabilization within the range of $0.55 to $0.56 until the end of the month.
XRP is trading at $0.5254 at press time.
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2024-04-21 18:23