In the latest episode of financial tomfoolery, it appears the buyers have taken a rather extended tea break, failing to keep the market’s spirits up, according to the ever-so-reliable CoinStats.
XRP/USD
The XRP rate has taken a bit of a tumble—down 2% since yesterday, and a rather more substantial 3.95% over the past week. It’s enough to make one reach for the smelling salts!
Despite today’s little trip and stumble, the XRP price continues to look rather like a bear with a headache on the hourly chart. If the old girl doesn’t pick herself up by the end of the day, she’s likely to totter down to the $2.05 mark.
On the grander scale of things, the bulls have proven to be less than energetic, failing to sustain their brief moment in the sun after yesterday’s rather encouraging bullish candle closure.
If the bar closes below $2.10, we might be in for a spot of correction, heading down to the crucial $2 area. One wonders if it’s time for a stiff drink.
On the weekly chart, it seems the downward trend is the fashionable move. Should the rate dip below $1.90, we might see a rather exciting test of the $1.70-$1.80 range. How jolly!
As the ink dries on this missive, XRP is currently twirling about at $2.09.
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2025-04-06 13:51