XRP (XRP/USDT) Traders Battle Amid Trend Cool-Off

XRP Long-term Analysis: Ranging

The market sentiment around XRP against the Tether currently shows a range-bound action after a significant bullish move in the early part of 2024. However, the pair’s price appears to be hovering between the sets of exponential moving averages of the Guppy Multiple Averages, presenting the ongoing battle among the traders after a bullish exhaustion.

Recently, the pair peaked at $2.2077 before retracing towards the $2.1000 zone. Still, as it stands, the volume appears to be decreasing slightly, suggesting potential bearish action, while the Stochastic RSI signals a potential upside movement in the coming weeks...