The mid-week session on January 1 was far from volatile and the XRP token started 2020 without significant price changes. Trading volumes were extremely low as neither bulls nor bears could take over control.
On Thursday, January 2 the ¨ripple¨suffered a heavy drop and corrected its price down to $0.186. The good news for buyers was that these loses were completely erased on the next day, January 3 when the coin gained 3.2 percent and climbed up to $0.192.
Bears tried to intervene once again on Saturday and pushed the price down to the $0.19 line just to be rejected there.
On the last day of the week, the XRP-USD pair moved up to $0.194, still in the middle of the ranging zone.
What we witnessed on the first day of the trading week was more than unexpected as the popular altcoins skyrocketed, breaking all recently discussed short-term support zones.
On Thursday, January 2 the ¨ripple¨suffered a heavy drop and corrected its price down to $0.186. The good news for buyers was that these loses were completely erased on the next day, January 3 when the coin gained 3.2 percent and climbed up to $0.192.
Bears tried to intervene once again on Saturday and pushed the price down to the $0.19 line just to be rejected there.
On the last day of the week, the XRP-USD pair moved up to $0.194, still in the middle of the ranging zone.
What we witnessed on the first day of the trading week was more than unexpected as the popular altcoins skyrocketed, breaking all recently discussed short-term support zones.
- The target of $0.215 was reached after a solid session during intraday. XRP is 11.8 percent up since this morning European time.
- Next target for bulls is $0.23 if $0.215 holds and allows bulls to consolidate there
- Trading volumes almost doubled from $1.1 billion in the morning on January 6 to more than $2 billion in the evening.