![Going long on Ripple [XRP]? You should read this before making a move](https://i.headtopics.com/images/2023/1/14/cryptoamb/going-long-on-ripple-xrp-you-should-read-this-befo-going-long-on-ripple-xrp-you-should-read-this-befo-1614088161210122241.webp)
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XRP could trade within the $0.3687 – $0.3783 range or break above it. Demand in the derivatives market remained positive. Ripple [XRP] rallied in the past two weeks until press time. However, two hurdles […]
Source: XRP/USDT on TradingView
A candlestick close above the current trading range will give bulls impetus to target $0.4000. However, bulls must clear the obstacle between $0.3915 – $0.3953 to climb closer to last year’s December high. Besides, the overbought condition, as shown by the RSI, makes XRP ripe for a price reversal. Thus, investors should trackIs your portfolio green? Check out theXRP’s demand in the derivatives market has remained relatively positive since 4 January, as evidenced by the positive Binance Funding Rate for the XRP/USDT pair. At press time, the Binance Funding Rate was still positive, reinforcing considerable demand for XRP in the derivatives market.
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