- XRP key resistance is $0.28500
- XRP trades sideways
- Stop-loss hunts may occur at both ends
1 Hour XRP/USD price chart
XRP trades sideways today, but it is still within the ascending trading channel. Key resistance is now $0.28500. There is also resistance at $0.28100. It was tested several times already and it is possible that this particular resistance level will be tested again soon, although there is a high probability that it will be a stop-loss hunt and price will retrace back. Nevertheless, several more or even one more attempt to test the closest resistance line may see the price to go above it, possibly to around $0.29 mark or higher.
On the other side of the graph, we could see a fake breakdown to occur and test $0.27450 and even $0.27000 support levels. Additional bearish pressure may push the price as low as $0.25750, however considering the fact that price still stays within the current trend, its likely to recover.
Chart source: Tradingview
Disclaimer: Markets, instruments, and advice on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Ripplecoinnews does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Investing in Cryptocurrencies involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses, and costs associated with investing, including total loss of principal, are your responsibility.
How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
New Report Says Ripple Is A Potential Competitor To Indian Traditional Banking System
A Major US News Magazine is Now Accepting Crypto for Subscriptions
Ripple’s Partner SBI Offers Clients Bonus In XRP If They Participate In Company’s STO
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...