Advertisement
AD

Main navigation

Advertisement

XRP Price Analysis for April 2

Advertisement
Sun, 2/04/2023 - 14:07
XRP Price Analysis for April 2
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Bulls could not seize the initiative and the majority of the coins are in the red zone.

Advertisement

Top coins by CoinMarketCap

XRP/USD

The rate of XRP has declined by 0.23% since yesterday, while the price has risen by 12.67% over the last seven days.

XRP/USD chart by TradingView

On the local chart, the price has made a false breakout of the support at $0.5118. While the rate is above that mark, there is a chance to see slight growth. In this case, the upward move may lead to a test of the resistance at $0.5119. Such a scenario is relevant until the end of the day.

XRP/USD chart by TradingView

On the bigger time frame, buyers remain under sellers' pressure as the price is closer to the support than to the resistance.

Related

However, if bulls can hold the rate above the vital zone of $0.50, one can expect a rise to the middle of the channel, to around the $0.55 mark.

XRP/USD chart by TradingView

On the weekly chart, the rate of XRP has made a false breakout of the resistance at $0.5582. It means that buyers are not powerful enough yet to keep the price rising. Respectively, sideways trading in the area of $0.50-$0.54 is the more likely scenario until mid-April.

XRP is trading at $0.5211 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD