U.Today provides a technical analysis of XRP's price action, highlighting a false breakout, potential support levels, and the current neutral sentiment in the market.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the hourly chart, the rate of XRP is falling after a false breakout of the local resistance of $2.5646. If sellers' pressure continues, one can expect a test of the local support of $2.4702. On the bigger time frame, the price of the altcoin is neutral. The volume keeps going down, confirming the absence of buyers or sellers' energy. In this case, one should focus on the nearest area of $2.40.From the midterm point of view, the rate of XRP has bounced back to the support level of $1.9669. If the weekly candle closes far from the mentioned mark, traders might witness a test of the $3 range
XRP Cryptocurrency Price Analysis Technical Analysis Support Levels
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