XRP Price Prediction for April 4

Bulls are trying to hold the gained initiative after a market drop, according to CoinMarketCap.

XRP/USD

Unlike most other cryptocurrencies, the rate of XRP has fallen by 0.40% since yesterday.

However, on the hourly chart, the price of XRP is looking bullish as it is trying to break the resistance of $0.5789. If it happens, the growth is likely to continue to the $0.5850 zone soon.

On the bigger time frame, the rate of XRP has made a false breakout of yesterday’s bar low at $0.5669. If the candle closes far from that mark, there is a chance to see a test of the $0.60-$0.62 area by the end of the week.

From the midterm point of view, none of the sides is dominating at the moment, as the rate is in middle of a wide channel, between the support of $0.4590 and the resistance of $0.7329.

In this case, ongoing sideways trading in the zone of $0.55-$0.65 is the more likely scenario.

XRP is trading at $0.5928 at press time.

Source