As a seasoned researcher with years of market analysis under my belt, I can’t help but feel a sense of deja vu looking at today’s XRP/USD chart. It seems like we’ve been here before, and not too long ago either.
The correction continues on the market, according to CoinMarketCap.
XRP/USD
XRP is one of the biggest losers today, falling by 9.68%.
On the hourly graph, the price of XRP sits comfortably within its current trading range. With the majority of the daily Average True Range (ATR) already surpassed, it’s unlikely we’ll witness significant price swings in the near future.
On a larger time scale, I’m noticing a slightly gloomy scenario unfolding for XRP at the moment. The price seems to be approaching its support level, indicating that the bearish sentiment may currently be stronger than the bullish one.
On the weekly chart, traders should focus on the candle’s closure in terms of the level of $2.1743.
If its breakout occurs, the drop is likely to continue to the $1.60-$1.80 range soon.
XRP is trading at $2.1822 at press time.
Read More
- FIS PREDICTION. FIS cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- Tips For Running A Gothic Horror Campaign In D&D
- Luma Island: All Mountain Offering Crystal Locations
- EUR CAD PREDICTION
- DCU: Who is Jason Momoa’s Lobo?
- XRP PREDICTION. XRP cryptocurrency
- OSRS: Best Tasks to Block
- How to Claim Entitlements In Freedom Wars Remastered
- The Best Horror Manga That Debuted In 2024
2024-12-10 18:49