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Some cryptocurrencies are trying to come back to the green zone, while others still remain in the red.
XRP is the biggest gainer in the top 10 list, rocketing by almost 10%.
On the hourly time frame, XRP has formed a local resistance level at $0.4477 against the increased volume.
There are low chances to see further growth today as the daily ATR is passed. Respectively, the more likely scenario is a slight correction to the $0.4250 zone.
XRP has absorbed yesterday’s fall, which means that buyers remain more powerful than bears. If nothing changes and the rate remains above $0.4234, the upward move may continue to the $0.46 mark.
On the weekly chart, the situation is also positive. If bulls can hold the gained initiative and the volume is high, one can expect further midterm growth to the $0.50 area. Such a scenario is relevant until mid-October.
XRP is trading at $0.4320 at press time.
Published at Thu, 22 Sep 2022 18:26:00 +0200