Buyers remain more powerful than sellers even on the weekend, according to CoinMarketCap’s ranking.
XRP is one of the least-growing coins, rising by 4.50%.
On the hourly chart, the price has returned to sideways trading after the false breakout of the support level at $0.4060.
Currently, traders are unlikely to see sharp moves until the end of the day, which is confirmed by the low volume. In this case, trading in the range of $0.41-$0.412 is the more likely scenario.
On the daily chart, the price has made a false breakout of the interim support level at $0.4064. If buyers hold the price above that mark, there is a chance to see an accumulation period in the range of $0.406-$0.41 so the altcoin could get more energy for a further move.
On the weekly time frame, one should pay attention to the level at $0.4086. If the bar closes above it with no long wicks, the growth may continue to the zone of $0.42-$0.43 until mid-February.
XRP is trading at $0.40871 at press time.
Published at Sat, 21 Jan 2023 21:00:00 +0100