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 7 months ago in Market Analysis


Image: XRP Price 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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