XRP Daily Technical Outlook: $XRP Declined Today and Bitcoin Is Leading the Way

In this post on the social media platform X, Crypto WZRD who is a famous analyst in the crypto sphere gives his opinion on the current situation of XRP and what could be expected to happen in the future.

Crypto WZRD, a well-known analyst in the crypto sphere, has shared his analysis on the current situation of XRP and what could be expected to happen in the future.

According to the analyst, XRP dropped today along with the entire market and the key currency Bitcoin. As Bitcoin is leading the trends of other cryptocurrencies, XRP is also following suit. Since Bitcoin is the most popular cryptocurrency followed by Ripple coin and other Altcoins, the movement of Bitcoin is critical to observe for traders.

XRP Daily Technical Outlook

$XRP declined today and Bitcoin is leading the way.

We need more healthy candles from this zone to get the bias.

My focus will be on the intraday chart tomorrow to get the next trade 🧙‍♂️ pic.twitter.com/dGIA0gJiSX

Key Indicators For XRP’s Upward Trend

For the right direction of XRP, the analyst recommends watching healthier candlestick patterns in the current zone. He also states that more firm and longer bullish candlesticks are needed as a signal of the commencement of the upward trend. The absence of these positive candles doesn’t make it easy to predict the future of Ripple.

He also mentions that his primary focus will be on the intraday charts of the following day. Crypto WZRD has the goal of identifying the prospects of the following trades for coin by calculating the short-term price trends and movements.

The price of Ripple token is currently standing at $0.5223 ,which is 1.27% decrease in the last day.

In the last one week only the price of XRP has been observed to have been falling slightly by a 0.94%, which is an indication of relatively high volatility. Despite such declines, the trading volume of XRP persists and the 24-hour trading volume is recorded to be at $1.29 billion.

Crypto WZRD gives a comprehensive analysis of Ripple coin and the present and future condition of the market. To be able to trade XRP in today’s market volatility, he has set a plan which mainly entails the identification of good candlestick patterns and intraday charts. The analyst suggested that traders should always know, be careful, and be willing to act if the signals are clear to improve their trading activities.