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XRP Price Analysis for April 22

Sat, 04/22/2023 - 16:19
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Denys Serhiichuk
Is XRP ready to bounce back?
XRP Price Analysis for April 22
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Bulls remain more powerful than bears even on the weekend, according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap


The rate of XRP has declined by 1.62% over the last 24 hours.

XRP/USD chart by TradingView

On the hourly chart, the price of XRP has made a false breakout of the local support level at $0.4412. At the moment, one should pay close attention to the bar closure. If it happens near the resistance, the growth may continue to the $0.48 zone.

XRP/USD chart by TradingView

On the bigger time frame, the rate of XRP has bounced off after a test of the support at $0.4412. Even though sellers remain more powerful than buyers, there is a chance to see a local correction if the candle closes with no long wicks. Such a scenario is relevant for the next few days.

XRP/USD chart by TradingView

On the weekly chart, the situation is more bearish as the bar is about to close near the vital level. If it happens, the accumulated energy may be enough for a breakout followed by a blast to the $0.40 area.

XRP is trading at $0.4581 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at