- XRP price gained 0.5% in 24 hours
- Price consolidation in the area of $0.268 – $0.281
- Possible stop-loss hunts at the resistance levels
1 Hour XRP/USD price chart
XRP is trading sideways after hitting support at $0.26800 several times. The price went down as much as $0.2650o but formed a low tail candlestick and retraced back into consolidation zone, suggesting that it was merely a stop loss hunt for long positions below the current support line. It is very much possible that stop-loss hunts will occur at the other end of the consolidation zone too, hitting resistance lines at $0.281 and $0.288.
Chart source: Tradingview
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