The cryptocurrency market may have finished its correction period and might be returning to its previous heights. All of the top 10 coins show positive price dynamics. The biggest gainer has been Tezos (XTZ), which has rocketed by more than 10% in the past day.
It's worth noting, that the price of XRP has almost not changed at all in the past week, despite its rate rising by 2.89% over the last 24 hours.
The important data for XRP is below.
Market Cap: $10 525 399 415
Volume (24h): $2 313 788 519
Change (24h): 2.95%
The data is current at press time.
XRP/USD: Any resistance from bears at $0.25?
XRP quotes on the daily chart continue to fall. The price returned to below the moving averages, which are used in the presence of a bearish trend. It is not yet possible for the bulls to seize the initiative.
However, uplink support is also important. On the RSI, one can see regular upward corrections as it tested the 30 region on the indicators.
On a 4H chart, the price has adjusted as a part of the Triangle model. The values of the RSI indicator broke through the downward trend line, indicating probable upward movement.
However, one should not exclude attempts to test the $0.21 level, where the broken trend line is located, and only after that - the beginning of price growth. Confirmation of the rise will be a breakdown of the upper boundary of the downward channel with quotes remaining above the $0.25 level.
XRP is trading at $0.2405 at press time.
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