The price of XRP continues to attract attention among traders, showing significant growth. This article provides an analysis of the current market situation as well as short and long-term forecasts.
Current XRP Price and Overview
XRP is one of the main performers in the market, rising by 5.84%. Currently, the price of XRP stands at $3.4646. On the hourly chart, the nearest support is at $3.4208. Given the current ATR indicators, sharp price changes by the end of the day are unlikely.
Short-term Predictions
If the candle closes at current levels, there is a possibility of testing the $3.35 area over the weekend. A significant indicator will be the closure of the candle at the $3.40 level. If the bulls can maintain their initiative and the candle closes above this level without long wicks, this could lead to further growth.
Long-term Expectations and Possible Corrections
On longer time frames, the price of XRP has made a false breakout of yesterday's peak of $3.5495, which may indicate a potential correction to the $3 level. If the candle closes significantly below this mark, it could signal a corrective move toward the key zone at $3.
Thus, the current market situation for XRP requires careful analysis. Traders should focus on candle closing levels to determine further market actions.
