• XRP price is currently at $0.388977 and has seen a 3.2% increase over the last 24 hours and a 12.6% increase over the last 7 days.
• Traders are focusing their attention on the XRP price as a result of the bulls‘ achievement of a dramatic trend shift on smaller timescales.
• XRP Price Prediction suggests that the price has the potential to reach the resistance level of $0.3780 if the correction continues to the center of the channel before the conclusion of the trading day.
The cryptocurrency market is currently experiencing a period of growth, with a majority of the leading cryptocurrencies seeing gains. This has created an opportunity for traders to take advantage of short-term trading ideas, with one of the main focal points being the XRP Price.
On January 11, the digital remittance token experienced a dramatic trend shift on smaller timescales, showing that the bulls were able to penetrate multiple resistance levels in the span of only one day. This upward trend has continued, with the price of XRP currently sitting at $0.388977. This marks a 3.2% increase over the last 24 hours and a 12.6% increase over the last 7 days. The token’s trading volume has also seen a 57% increase over the last 24 hours.
The price of XRP has seen a slight rebound after hitting the support level of $0.37, however the volume has been declining. This suggests that traders have the potential to see the rate near the resistance level the next day, if the correction continues to the center of the channel before the conclusion of the trading day. XRP Price Prediction suggests that the price has the potential to reach the resistance level of $0.3780.
Despite this, it is important to note that the price of XRP has been difficult to predict in the past, so traders should exercise caution when attempting to make any trading decisions. Nonetheless, the current trend suggests that XRP could be gearing up for a massive rally in the weeks to come.
