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XRP Price Prediction for April 17

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Wed, 17/04/2024 - 15:38
XRP Price Prediction for April 17
Cover image via www.tradingview.com

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The correction continues on the cryptocurrency market, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

The rate of XRP has declined by 0.61% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of XRP keeps falling as it is testing the local support level of $0.4835. If the daily bar closes near this mark or below it, the drop is likely to continue to the $0.48 zone.

Image by TradingView

On the daily time frame, the picture is also bearish. The rise has returned to the level formed by the false breakout. 

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If buyers cannot seize the initiative, the accumulated energy might be enough for a dump to $0.46. Such a scenario is relevant until the end of the week.

Image by TradingView

From the midterm point of view, one should pay attention to the vital zone of $0.50. If the weekly candle closes far from it, there is a high chance to see a test of the $0.40 area until the end of the month.

XRP is trading at $0.4837 at press time.

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