Sellers are becoming more powerful, according to CoinStats.
XRP/USD
The price of XRP has fallen by 2.12% over the last day.
Looking at the hourly chart, the price of XRP has been climbing following an apparent breach of its nearby support level at $3.0646, which might have been a false breakout. Should the buying momentum persist, we could potentially see a challenge of the resistance level by tomorrow.
On the daily time frame, the price of XRP is far from the main levels.
The volume is low, which means that any sharp ups and downs are unlikely to happen shortly.
Looking at the midpoint analysis, it’s crucial for traders to focus on the closing of the current candlestick. If the closure occurs close to its maximum, it’s likely that the price will keep rising towards the $3.50 mark and potentially beyond.
XRP is trading at $3.23 at press time.
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2025-01-18 17:32