XRP price moves up by 5%
- XRP price broke upwards on high momentum
- XRP gained 5% against USD in 24 hours
- Future gains within ascending trading channel are possible
1 Hour XRP/USD price chart
XRP continues to trade within the ascending channel. XRP price against USD increased by around 5% in the last 24 hours and is now trading just below $0.2700 mark. On the one hour chart, it is visible that price broke the $0.26300 resistance on high momentum and above the average volume, signaling the continuation of an uptrend. Furthermore, the price immediate response to an up move was consolidation at the level above the previous resistance. This is another good indicator that uptrend will continue.
In the short term, XRP price can reach $0.28 and higher if it continues to move within the ascending trading channel on good demand. However, if the price retraces back below the $0.26300 line it may try to test support at $0.25800 and lower in the short term.
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.
The Role of Artificial Intelligence in Crypto Trading
90% of Business Leaders Believe Crypto to Have Significant Impact on the Business, Ripple Reports
XRP Records Inflows While Investment in Crypto Goes Down by $232 Million
Lawyer John E. Deaton Says XRP Holders were Always Right as He Posts a Key Footnote
10 Best Crypto Auto Trading Platforms : Reviewed for 2023
Recent Press Release
5 Easy Loans to Get Approved For
Easy-to-approve loans are usually available within minutes or hours of your application. Unlike traditional banks and other lending institutions, lenders...
Maximizing Passive Income with NFT Investments and Cloud Mining
NFTproX is an innovative platform for buying and selling NFTs (Non-Fungible Tokens), which utilizes blockchain technology to provide investors with...
Easy Cloud Mining Passive Income with Gbitcoins
With the rise in the wide adaptability of cryptocurrencies, there is an emerging need to generate ways to earn from...
Top 15 Ways to Invest in Cryptocurrency
Investors invest in cryptocurrency because they think that as a particular cryptocurrency’s value increases, so will demand it. You can...
Stay on Top of Your Crypto Game with Live Coin Watch Mobile App
After a successful launch of its popular iOS app, Live Coin Watch is thrilled to unveil its mobile app for...