XRP short-term Price Analysis: 31 October

[sneakyboi]

XRP short-term Price Analysis: 31 October

As the Bitcoin market moved between some tough resistances and support over the past few days and given the strong correlations with the altcoins, XRP, the third-largest crypto has been noting a tug an pull with the asset’s value.

At press time, XRP was moving higher on the price scale with its current value at $0.2387. However, as the coin aimed higher, the market appeared indecisive of its next move.



Source: XRP/USD on TradingView


The above chart noted the value of XRP moving along an ascending channel. Even though the trend dictates a breakout higher than the current value, the remaining indicators were pointing at the divided interest among market makers.

XRP’s immediate resistance at $0.2405 has been maintaining its value lower, as it tested this resistance recently and dipped. The digital asset was once more moving to test this resistance but does not have enough volume to push the value past this level.


Learn more about the analysis here.