XRP short-term Price Analysis: 21 October
XRP hasn’t been able to rally behind Bitcoin over the past week but the altcoin has kept pace in the short-term trend. Currently breaking above immediate resistance at $0.244, XRP is looking to enter an important transition range at the present moment, which may direct the imminent short-term market. XRP is currently valued at $0.249 with a market cap of $11.20 billion.
XRP 1-hour chart
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/10/21185522/XRP-121.png)
Source: XRP/USD on Trading View
At press time, XRP is currently hovering near the resistance zone (yellow rectangle) evident over the course of October. At the moment, a breach above $0.250 appears a simple move for XRP, considering the trend is slightly tilting towards being bullish but maintaining a position above will be crucial.
Learn more about the analysis here. (https://eng.ambcrypto.com/xrp-short-term-price-analysis-21-october/)