XRP is down 5.7% in valuation this week, but at least in this case, the price has been making higher lows, which makes the sentiment slightly more optimistic than Ethereum.
The problem with this cryptocurrency is that it has been in a flat trend for many years. Somehow, sellers always prevent buyers from pushing the price to $1. Faced with this situation, XRP fluctuates between key levels and never leaves.
Looking ahead, XRP has good support around 50 cents, but the resistance level of 68 cents has stopped any ambitious buyers since the end of 2023. Hopefully, 2024 will see a clear breakout before the end of the year.
