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.
The market seems not to know which way to go as the rates of some coins are rising, while others are falling.
XRP/USD
The rate of XRP has risen by 0.60% over the last 24 hours.
On the hourly chart, XRP is returning to the recently formed support level at $0.4545. If the volatility falls and bulls do not seize the initiative, one can expect the price to fall to the $0.45 zone.
On the daily chart, the situation is unchanged as the price keeps trading sideways, accumulating power for a further move.
Denys SerhiichukIf the drop continues today, traders might see a sharp move to the nearest support level at $0.44 by mid-November.
Analyzing the chart of XRP against Bitcoin (BTC), XRP does not seem ready to keep the growth going after yesterday's bullish candle. If the bar closes around the BTC 0.000022 mark, that might be a prerequisite for a downward move to the BTC 0.000020 area.
XRP is trading at $0.4572 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin