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During the past four trading sessions in the XRP/USDT market, prices surged significantly, which brought price action out of its Consolidative mood.
However, subsequently, there was a downward correction as some traders took advantage of the sudden price surge to exit the market. At this point, it appears that price action has resumed its upside path, so let’s see how this may fare shortly.
XRP Statistics
XRP Value Now: $0.7634
XRP Market Cap: $40,159,867,382
XRP Circulating Supply: 52,544,091,958 XRP
XRP Total Supply: 99,988,621,362
XRP CoinMarketCap Ranking: 4
Major Price Levels:
Top: $0.7634, $0.7700, and $0.7800
Base: $0.7600, $0.7500, and $0.7400
XRP/USDT Rebounds Off Support at $0.7133
The XRP/USDT price action on the daily chart took off the support at the 38.20 Fibonacci Retracement level at the $0.7133 price mark. Although the previous session brought minor setbacks, buyers in the ongoing session seem to have restored upside focus to the market.
The last price candle on this chart has brought XRP’s price to $0.7634 while above the 9- and 21-day Moving Average curves. The Relative Strength Index (RSI) indicator can be seen at the initial stage of the crossover move Consequently; the behavior of the RSI supports the opinion that price action may advance toward higher price marks.
XRP/USDT Price Strains to Keep Gazing at the $0.8000 Resistance
Price action on the XRP/USDT 4-hour market is reflecting that price action is fighting hard to remain on track toward the $0.8000 price mark. Although with reduced volatility, price candles can be seen to have been appearing above the 9- and 21-day lines in this market.
This can be perceived as these price candles since two trading sessions ago they were with short bodies. However, the RSI curves are still rising steadily towards the 50 level of the indicator.
Consequently, this indicates that if buyers can stay ahead in this market, they have the chance to take prices to and through the $0.8000 price mark.
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