Can bears seize the initiative towards the deeper correction?
XRP has lost much less than Ethereum (ETH), however, its growth potential is not so high as of the main altcoin. The rate of the third most popular crypto has declined by around 5% since yesterday.
According to the 4H chart, neither bulls not bears are dominating at the moment. The trading volume keeps slightly going down which means that buyers are not interested to buy XRP from current levels. What is more, the lines of the Bollinger Bands indicator are moving downward, suggesting the possible decline. In this case, the main short-term projection is a sideways trend in the range of $0.2150-$0.22.
According to the 4H chart, neither bulls not bears are dominating at the moment. The trading volume keeps slightly going down which means that buyers are not interested to buy XRP from current levels. What is more, the lines of the Bollinger Bands indicator are moving downward, suggesting the possible decline. In this case, the main short-term projection is a sideways trend in the range of $0.2150-$0.22.
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