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.
Bulls are trying to keep the rise going despite bears' pressure.
XRP/USD
XRP remains in the green zone, going up by 1.16%.
On the local chart, the price of XRP has bounced off the support at $0.38518 and is currently trading near the resistance at $0.39364. There are low chances to see further growth today as the altcoin has passed most of its daily ATR.
Denys SerhiichukIn this case, sideways trading in the range of $0.391-$0.394 is the more likely scenario.
On the daily chart, neither bulls nor bears have accumulated enough strength for a further move. However, one should pay attention to the crucial level of $0.40. If the candle closes near it with no long wicks, there is a chance to see the breakout of the resistance of $0.40860 soon.
On the daily chart against Bitcoin (BTC), the situation remains bearish as the price remains trading near the support at 0.00001809. If buyers want to seize the initiative and get back in the game, they need to restore the rate above the resistance of 0.00001926. Only in that case can the midterm growth be restored.
XRP is trading at $0.3928 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin