XRP Price Prediction for April 16: A Look at Technical Indicators

According to CoinStats, sellers are returning to the market this week as XRP’s price has declined by nearly 4% since yesterday. The hourly chart shows a positive trend following a false breakout of support around $2.0433. If buyers maintain pressure and tomorrow’s daily bar closes near resistance, an expected upward push towards $2.15 could occur. However, neither bulls nor bears hold dominant positions on the longer-term timeframe as declining volume suggests. For a price surge to occur, a break above the $2.20 mark is crucial, potentially leading to a breakout. Short-term, XRP sits at $2.0815, and near term market movement remains relatively subdued with little to no significant price swings expected soon. For more insight, visit U.Today’s original article.