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 responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Despite bear pressure, some currencies are trying to return to the green zone, it said CoinMarketCap.
Ripple/USD
Unlike other currencies, the price of XRP has increased by 4% over the past day.
On the hourly chart, XRP price is in the middle of the local channel. Since most of the ATR has been crossed, any sharp moves are unlikely to happen soon.
A similar picture exists on the larger time frame. XRP's growth continued after yesterday's bullish close, however, one should pay attention to the current bar.
Related to
If it closes with a long wick, traders may not see a sustained upward movement.
From a mid-term perspective, neither party is in control. However, if the weekly bar closes around the interim level at $2.50, growth to the $2.60-$2.80 range may continue soon.
XRP is trading at $2.3936 at press time.
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 responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Source link