XRP-4h. The target of the sellers has been reached.

23 Ara 2020

In 3 days our previous XRP idea completely worked out.
Negative news restored the real price of the coin. The price returned to the range from which it began to grow wildly in November. As you can see, the update of the historical high of BTC allowed XRP buyers to go beyond the falling channel. However, there were not enough forces to continue growing.

Looking at the volume of trades during which the price of XRP fell, we can see that there are interested buyers who are willing to buy in the range of $0.3-0.32.

Given the positive dynamics of BTC, a short-term growth trend to the range of $0.44-0.46 is quite probable. However, this requires the expulsion of all aggressive sellers from the market and gather strength.
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!

24 Ara 2020

Not

The sellers managed to push the price lower. The previous range could only slow down the fall. The price has returned to the range where XRP began to grow wildly. The best scenario for buyers is to keep $0.256. However, it is not necessary to expect a sharp reversal of prices in the near future. Losing the mark of 0.256 - the price will continue to fall to $0.14.


However, there is an interesting idea about the relationship between XRP and XLM: