XRP closed the week with a modest 2% gain. This comes after the price nearly touched the $2 support level. Ideally, buyers return here to take this cryptocurrency back to $2.3, which is currently acting as a resistance.
Similarly to Ethereum, volume has been declining since the start of the year. This explains the low volatility and lack of strength to sustain a rally that can see XRP revisit $3, as in January.
Looking ahead, the momentum indicators are turning flat and give no clear direction, considering the price has been bouncing between $2 and $2.6 for over three months. Until XRP breaks away from this range, don’t expect any major changes.
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