XRP saw turnaround that drastically decreases chances for proper reversal
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Solana Crashes, But Not as You Think, Shiba Inu's Comeback Potential, Don't Miss This Toncoin Volatility Pattern The lack of momentum on the larger cryptocurrency market is one of the primary causes of this unsuccessful breakout. A notable increase in volume is often required to verify the sustainability of a breakout, and's move did not correspond to this. In the absence of a spike in buying pressure, the move was too weak to push higher. XRP appears to have limited upside potential in the near future.
The market is not yet prepared for a big bullish move, as seen by the swift reversal that followed the break above the resistance level of the triangle. It might be necessary for traders to hold off on anticipating a more prolonged XRP rally until they receive stronger signals or better market conditions.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
XRP Rockets 70% in Volume as XRP Price Remains BullishWatch XRP for potential big moves as price and trading volume are rising
Lire la suite »
XRP to $5? Bollinger Bands Signal Biggest BreakoutXRP could be poised for big price jump, but is it just hype?
Lire la suite »
Very Important Cardano (ADA) Update, Bullish Ripple (XRP) Price Outlook, and More: Bits Recap August 26Crypto Blog
Lire la suite »
XRP Is Down 8% Weekly But Bullish Signs Appear (Ripple Price Analysis)Crypto Blog
Lire la suite »
Ripple Price Analysis: Bullish Sentiment Reaffirmed, Can XRP Climb to $0.64?Crypto Blog
Lire la suite »
XRP, DOGE and TRX Display Rare Bullish CorrelationMarket in bullish reset, and XRP, DOGE and TRX are riding wave
Lire la suite »