Is range-bound XRP good news for you in April? ๐๐
๐ Ripple (XRP) was in a consolidation phase at press time, per AMBCryptoโs analysis. The token did not display much volatility, indicating that investors may have to wait for longer for things to turn bullish.
๐ XRP is moving marginally. AMBCryptoโs analysis revealed that the tokenโs price was moving within a range for over two weeks after its value dropped on the 15th of March.
๐น If XRP manages to break above the $0.648 resistance level in the coming days, then we might expect its value to touch its March 2024โs high in April once again.
๐ AMBCrypto's analysis of Santimentโs data revealed that its Exchange Outflow dropped after spiking on the 27th of March. A similar trend was noted in terms of the tokenโs Exchange Inflow.
๐ผ Seemingly, investors were not actively trading the token at press time. The tokenโs MVRV ratio also dropped in the last few days, which too was a bearish sign.
๐ Additionally, XRPโs MACD displayed a clear bullish advantage in the market, while its Relative Strength Index (RSI) also registered a slight uptick from the neutral mark, hinting that XRPโs value might move northwards in April.
