- XRP coin price has been seeing a consolidated trend near its major crucial level and can soon see a new high. In contrast, the asset has seen a loss of more than 0.5%.
- Technical indicators of XRP are currently favoring the bulls for the future. In contrast, XRP/BTC pair is down by more than 0.25%
XRP crypto price has been stuck inside a consolidated zone for a long time with its case still pending to the court. XRP asset price is currently close to the worth of $0.75 with a loss of more than 0.5%. The coin is trending in close range with an aim to break out for a new high. The asset upside trend may face a setback near $1. If the trend observes a strong momentum then a new high can be seen. The XRP/BTC pair might also see a strong trend in the future.
XRP coin is currently ranked 8th in the CMC with a market dominance of more than 1.8%. The asset case in the court can soon see a verdict in the future. If the coin sees a positive verdict then it may reach a new high in the future. The volume to market cap ratio of the XRP hints towards a consolidated range for upcoming days.
Technical Indicators Of XRP Crypto Favors Consolidation
XRP coin price is currently testing a crucial zone in the daily chart and may give a new breakout. Coming to the daily chart, XRP has been in a consolidated mode for a long time. The asset has been seeing a consolidated move in the weekly chart. If the coin sees a downtrend then a new low can be seen. One can expect a solid potential gain in the coin in future
Conclusion
XRP coin price consolidated move may soon see a further breakout in the future and can soon see a new high. XRP/BTC pair can also see a strong trend in the upcoming days. One should do their due diligence before investing in the XRP.
Technical Levels
Major Support: $0.7
Major Resistance: $1
