After an unsuccessful attempt by buyers on January 10 to consolidate above the range of $0.36-0.38, the XRP market stopped consolidating. A recent attempt by buyers to organize trend movement and consolidate above $0.31 failed. The critical point during this attack of buyers was the mark of $0.28, which we wrote about in the :
The range of $0.24-026 has stood the test of time again and consolidation continues. The new attack of buyers continues at lower volumes than the previous time. Therefore, it is too early to talk about the breakdown of consolidation and the mark of $0.31.
At the moment, the price of XRP again stopped at $0.28 and is consolidating below it. If continues to put pressure on the range of $33400-34000 in the XRP market will occur shot to $0.31.
However, the situation is tense and sellers do not need much effort to resend the price of XRP to $0.24-0.26. Moreover, if you look at the graph of the pair XRPBTC - the triangle formed has almost the same chances of a shot both up and down.
Therefore, for a short-term trade, we expect to fix the price above $0.28. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
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