Well now, it appears the bulls are saddlinā up again after takinā a nap longer than Aunt Pollyās Sunday stories, if youāre to take CoinMarketCapās wordāwhich I reckon is sometimes as shifty as a Mississippi catfish.
XRP/USD
Yessir, XRPās struttinā around with its chest puffed out, up 2.43% in just 24 hours. That may not get your grandma outta bed, but itās somethinā to squint at.
Glancinā at the hourly chart, I see XRPās rate is sidlinā mighty close to its local supportāas if itās afraid to ask the resistance for a dance. If them buyers donāt muster up some backbone by sundown, well, traders might see the support snap like a twig and we all tumble down to $2.12 faster than Huck Finn runninā from trouble.
Poke your nose into the daily chart and youāll catch a whiff of bearish moodāa regular church picnic for pessimists. Should that candle close right down yonder or even lower, weāll be testing $2.10 soon enough. Might wanna keep your hats on for that one! š©
Mid-term? Neither the bulls nor the bears are gettinā their supper just yet. So itās a good idea to keep your eyes on that $2 markāif it dips lower, reckon weāll be driftinā toward $1.7711, like a raft without a paddle.
Last I heard, XRP was trading at $2.1263. Now, whether thatās good news or bad depends on if your glass is half full or if you dropped it in the river. š£āāļø
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2025-05-07 17:06