XRP Price Analysis: Will XRP Experience a Blast Next Week?
Get the latest analysis on XRP price movements and potential market blasts next week. Stay updated with CoinStats and TradingView charts to make informed investment decisions.
Posted 10 months ago in Market Analysis
Sellers remain more powerful than buyers on the last day of the week, according to CoinStats. The rate of XRP has decreased by 0.48% since yesterday. On the local time frame, the price of XRP is in the middle of the channel between the support at $0.4952 and the resistance at $0.5020.
If buyers can get the rate to the $0.50 zone and fix it above, one can expect a blast to $0.5040 tomorrow. However, the daily chart shows a less clear picture as the price remains far from the key levels. Growth might only happen if the rate returns to the $0.51 zone, allowing buyers to seize the initiative.
From a midterm point of view, neither side is dominating as the bar is about to close within the previous candle. Respectively, ongoing consolidation in the range of $0.48-$0.52 is the more likely scenario until the end of the month. XRP is currently trading at $0.4995 at press time.
Last updated 9/11/2023, 1:41:40 AM
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