LIVEIs range-bound XRP good news for you in April? 🔄📅
📉 Ripple (XRP) was in a consolidation phase at press time, per AMBCrypto’s analysis. The token did not display much volatility, indicating that investors may have to wait for longer for things to turn bullish.
🔍 XRP is moving marginally. AMBCrypto’s analysis revealed that the token’s price was moving within a range for over two weeks after its value dropped on the 15th of March.
💹 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 2024’s high in April once again.
📊 AMBCrypto's analysis of Santiment’s data revealed that its Exchange Outflow dropped after spiking on the 27th of March. A similar trend was noted in terms of the token’s Exchange Inflow.
💼 Seemingly, investors were not actively trading the token at press time. The token’s MVRV ratio also dropped in the last few days, which too was a bearish sign.
📈 Additionally, XRP’s 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 XRP’s value might move northwards in April.
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