The XRP/USD pair is now 28 percent up since January 26 when it broke the downtrend at $0.218. As of the time of writing, the coin is trading at $0.281, just a step away from the psychological level of $0.30.
XRP formed 5 consecutive green candles of the daily chart and is now targeting $30, but not before stabilizing above $0.28. This level proofed to be a solid resistance multiple times in the past already.
Keeping an eye on the zone around $0.28 to ensure we have a proper consolidation. Still, it looks like XRP will pause for a price correction and profit-taking activities before gearing up again for an attack of the $0.30 line.
Trading volumes skyrocketed from $1.7 billion on Sunday, February 2 to $2.8 billion on Monday. This was followed by a drop to sub-$2 billion levels on Tuesday and again an increase, this time to $3.38 billion on Wednesday, February 5. In the early hours of trading on Thursday, 24-hour volumes are hovering around $2.8 billion.
XRP formed 5 consecutive green candles of the daily chart and is now targeting $30, but not before stabilizing above $0.28. This level proofed to be a solid resistance multiple times in the past already.
Keeping an eye on the zone around $0.28 to ensure we have a proper consolidation. Still, it looks like XRP will pause for a price correction and profit-taking activities before gearing up again for an attack of the $0.30 line.
Trading volumes skyrocketed from $1.7 billion on Sunday, February 2 to $2.8 billion on Monday. This was followed by a drop to sub-$2 billion levels on Tuesday and again an increase, this time to $3.38 billion on Wednesday, February 5. In the early hours of trading on Thursday, 24-hour volumes are hovering around $2.8 billion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.