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.
Most of the coins may have found a reversal point, as their rates are rising today.
Top coins by CoinMarketCap
XRP/USD
The price of XRP has increased by 1.38% since yesterday.
Image by TradingView
On the hourly time frame, the price of XRP has failed to fix above the zone of $0.43. However, if buyers manage to seize the initiative and return the rate above that, the accumulated energy might be enough for a resistance breakout, followed by a rise to the $0.44 zone.
Image by TradingView
A more bearish situation can be seen on the bigger chart. The price has fixed below the level of $0.4340, which means that buyers are not ready yet to get back in the game. In this regard, the ongoing fall to the $0.40 area is the more likely scenario until mid-May.
Image by TradingView
On the daily chart against Bitcoin (BTC), the rate of XRP is about to close below yesterday's low at 0.00001526. If that happens, the decline may continue even below the zone of 0.000015.
XRP is trading at $0.4289 at press time.
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya