XRP/USD 1DAY UPDATE BY CRYPTO SANDERS
Hello, welcome to this XRP/USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-XRP’s uptrend stalled this week, and the price failed to make a higher high. This is why it lost 2.6%. If this trend continues into the coming weekend, XRP could lose its momentum entirely and fall back towards $0.31, which is acting as support.
The current resistance is found at $0.45, and buyers appear to have lost their strength to even test this level after failing to move above $0.42. The volume is also decreasing, and the daily timeframe indicators are curving down.
Looking ahead, XRP could continue to consolidate just under $0.40 and build momentum for the next significant breakout. Ripple is usually accompanied by sharp volatility in short periods of time, and market participants will need to be patient during this consolidation.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-XRP’s uptrend stalled this week, and the price failed to make a higher high. This is why it lost 2.6%. If this trend continues into the coming weekend, XRP could lose its momentum entirely and fall back towards $0.31, which is acting as support.
The current resistance is found at $0.45, and buyers appear to have lost their strength to even test this level after failing to move above $0.42. The volume is also decreasing, and the daily timeframe indicators are curving down.
Looking ahead, XRP could continue to consolidate just under $0.40 and build momentum for the next significant breakout. Ripple is usually accompanied by sharp volatility in short periods of time, and market participants will need to be patient during this consolidation.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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