As a seasoned analyst with over a decade of experience in the crypto market, I have seen my fair share of bull runs and bear markets. Today, I find myself analyzing the XRP/USD pair, which has shown some promising signs but still seems to be holding back on taking the lead.
Bears have not accumulated enough energy yet to seize the initiative, according to CoinStats.
XRP/USD
XRP has gained a lot of value today, rocketing by more than 10%.
Regardless of its recent surge, the value of XRP is currently decreasing following an incorrect breakthrough of the nearby resistance at $1.62. If buyers fail to take control, it seems likely that a retest of the support at $1.4692 could occur before the day ends.
A more positive picture is on the daily time frame.
If today’s candle ends with a prolonged wick and significantly below its high, there could be a potential for a price adjustment within the $1.30 – $1.40 range.
Considering the midpoint analysis, it’s advisable to hold off until the weekly candle is fully closed. If it reaches around $1.60, there might be potential for further growth towards the $1.80 region.
XRP is trading at $1.5363 at press time.
Read More
- USD MXN PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- RSR PREDICTION. RSR cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- ZIG PREDICTION. ZIG cryptocurrency
- SEI PREDICTION. SEI cryptocurrency
- EUR CAD PREDICTION
- OKB PREDICTION. OKB cryptocurrency
- DF PREDICTION. DF cryptocurrency
2024-11-23 13:43