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These trends will influence XRP’s price action over upcoming trading sessions
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XRP has seen its own fair share of ups and downs over the past few months. Until a week back, it seemed likely that XRP would shoot up in its valuation. But now, it appears that the hype has already fizzled out.
On the 4-hour chart, XRP was trading within its descending channel that was formed four days back. The seventh-largest token did manage to break above it on 10 November but re-entered the channel within a few hours. Even at press time, XRP was seen more inclined towards the lower trend line. Further, it was trading at a value way below its moving average.
In an earlier article, it was highlighted that XRP had formed a new long-term bullish structure that could pave the alt’s path to $4. However, at press time, the aforementioned
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