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.
A correction has arrived on the crypto market, according to CoinStats.
XRP/USD
The rate of XRP has fallen by 2.89% since yesterday.
On the hourly chart, the price of XRP is declining after a breakout of the support of $0.5163. If the daily bar closes far from that mark, the drop is likely to continue to the $0.50 area.
On the bigger time frame, the rate is coming back to the support of $0.4929.
Denys SerhiichukIf buyers lose the $0.50 mark, the accumulated energy might be enough for a dump to the $0.48-$0.49 range soon.
From the midterm point of view, it is too early to make any distant predictions. However, if the drop of XRP continues from the current prices, traders may witness a test of $0.48.
XRP is trading at $0.5097 at press time.
Tomiwabold Olajide
Godfrey Benjamin
Vladislav Sopov
Dan Burgin