s seen on the hourly chart, the rate of XRP is building up momentum in preparation for a further move. Given that neither side is in the driver’s seat, the most probable scenario is that the market will continue to trade sideways inside the limited range of $2.54 to $2.60.
In this scenario, it is quite improbable that there will be any sudden spikes in either direction in the near future. Market participants can anticipate a consolidation in the range of $2.4 to $2.7 over the course of the next several days.
When considering the peak of the weekly candle, one should concentrate on the candle’s closing. In the event that it occurs with a lengthy wick, sellers may grab the initiative locally, which may result in a drop to the $2 area.