XRP is the only exception from the rule, rising by 0.55% since yesterday.
Image by TradingViewDespite today’s slight rise, the price of XRP is coming back to the local support level of $0.4922. If its breakout happens, the fall is likely to continue to the $0.4850 area soon.
Image by TradingViewOn the bigger time frame, neither buyers nor sellers are dominating as the rate is far from the main levels. In this regard, ongoing sideways trading in the zone of $0.4850-$0.50 is the more likely scenario until the end of the week.
Image by TradingViewA similar picture can be seen on the weekly chart. The price of XRP is trading in the middle of the wide channel, between the support of $0.4309 and the resistance of $0.5714.
The low volume confirms that there are low chances of high volatility until the end of the month.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
