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What to Expect From The XRP Price Heading Into The New Week By CoinEdition

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What to Expect From The XRP Price Heading Into The New Week

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What to Expect From The XRP Price Heading Into The New Week
  • is trading hands at $0.3808 after a 2.69% increase in price.
  • Currently, XRP is trading above the support zone between $0.3520 and $0.3686.
  • If XRP’s price is unable to close today above the two EMA lines the token’s price will likely drop to $0.3686.

As the market is once again showing signs of recovery, most of the top 10 cryptocurrencies are trading in the green for today. The same can be said for the altcoin XRP. CoinMarketCap indicates that XRP is trading hands at $0.3808 after a 2.69% increase in price over the last day. The crypto is also in the green by more than 4% over the last seven days.

At the moment, XRP’s 24 hour trading volume is in the green zone and stands at $1,123,704,079 after a more than 50% increase since yesterday. With its market cap of $19,324,115,366, XRP is currently ranked as the 6th biggest crypto in terms of market capitalization. This places it right behind (USDC) in the 5th position and in front of (ADA) which is ranked 7th on the list of the biggest cryptos.

Daily chart for XRP/USDT (Source: TradingView)

The daily chat for XRP/USDT shows that XRP’s price is trading above the support zone between $0.3520 and $0.3686 at press time. Additionally, XRP’s price is also trading above the 9-day and 20-day EMA lines. These lines have been strong resistance levels for XRP during this crypto winter.

The break above the 9-day and 20-day EMA lines may be short-lived and XRP’s price may retrace in the coming 24-48 hours. If XRP’s price is unable to close today above the two EMA lines then the remittance token’s price will likely recline to $0.3686.

On the other hand, closing today’s trading session above the two EMA lines will see XRP’s price make a move to the next resistance level at $0.4031.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post What to Expect From The XRP Price Heading Into The New Week appeared first on Coin Edition.

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Photo of Jake Jake Send an email March 18, 2023
0 85 2 minutes read
Photo of Jake

Jake

Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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