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At the time of writing, XRP price is currently sitting at $0.33.
So over the past 24 hours XRP tested $0.35 about 3 times over a very short time span, but unfortunately it got rejected and dipped below the trend line again. That was bound to happen; it was filling up that wonky ascending triangle and looks like traders didn't see any hope of a break up...
It then retraced down, however not by much and not all the way down to the temporary support level at $0.32. Once again for today, XRP is proving to be the coin with the most positive outlook compared to its bigger siblings. On the upside, we'd hope to see another (but successful this time) test of $0.35, but like we said there isn't much wiggle room between it and $0.37, so with enough buying interest it could skip any consolidation at $0.35 and shoot for $0.37 instead.
On the downside, however, we'd monitor XRP to see if it breaks below $0.32, after that $0.30 and then $0.28.
It's worse than yesterday, but in comparison to its siblings, still has the more positive outlook.
On the daily chart for XRP, technical indicators give a bearish outlook (14 sell, 9 neutral, 3 buy)
On the weekly chart for XRP, technical indicators give a slightly better but still bearish outlook (11 sell, 8 neutral, 3 buy)
As always, if you have any questions, don't hesitate to reach out via email or through our Telegram group! (links below)
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