NewsBTC
2022-06-27 01:00:40

XRP Steady At $0.36, Could The Bulls Be Back?

XRP has been moving laterally over the last few days and the price has steadied at $0.36. After facing consistent resistance at the $0.35 price mark, the coin finally managed to move past the aforementioned price ceiling. The altcoin has been trading in the green over the last 24 hours, it rose by 1.5%. In the past week, XRP appreciated by double digits. Recently, on the developmental front XRP has plans to extend its operations to Canada in order to make that a new Crypto Hub. The coin has displayed positive sentiments as XRP managed to touch $0.38 on its chart. Shortly after touching the $0.38 level, it displayed a pull back. Buying power also increased as the coin displayed price optimism, the asset was even overbought over the last couple of days. After the price correction, XRP has retreated from the overbought region. The global cryptocurrency market cap today is $1.01 Trillion with a 1.4% positive change in the last 24 hours. XRP Price Analysis: Four Hour Chart The altcoin was trading at $0.36 on the four hour chart. The overhead resistance for the coin stood at $0.38, XRP pulled back right after it touched the aforementioned price level. The technical outlook of the coin painted an incoming bullish price move. If XRP manages to breach the $0.38 level then the coin might trade around the $0.46 level. After this, XRP could attempt to reach the $0.52 resistance mark. Immediate support level for the coin stood at $0.34. A ...

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