The price of XRP has remained the same since yesterday.
Image by TradingViewOn the hourly chart, the rate of XRP is coming back to the local support level of $0.4320. If the daily bar closes near it, the accumulated energy might be enough for a breakout to the $0.43 zone.
Image by TradingViewToday’s move has not affected the technical position of XRP on the daily time frame. Such a statement is also confirmed by the falling volume, which means none of the sides is ready for a sharp move.
In this case, ongoing sideways trading in the narrow range of $0.43-$0.44 is the more likely scenario.
Image by TradingViewFrom the midterm point of view, the picture remains bearish as the price keeps trading below the $0.46 zone. In this regard, there is still a chance to expect a further correction to $0.40 level and below.
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.
