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XRP Price Prediction for March 20
The rate of XRP has dropped by a staggering 2.84% over the last 24 hours. According to recent charts and analysis provided by TradingView, it appears that the cryptocurrency is heading towards its local support level at $2.4312.
As seen on the hourly chart, if the daily bar were to close below this mark, the decline could potentially continue down to the $2.40 area. This development would be detrimental for XRP investors, as it would indicate a continued bearish trend.
On the larger time frame, the failure of bulls to maintain their upward momentum following yesterday’s positive closing price is a concerning sign for holders. As a result, the most likely scenario appears to be ongoing sideways trading within a wide range of $2.20-$2.60.
As of press time, XRP is trading at $2.4410.
It remains unclear what will happen next in this volatile market, but one thing is certain: investors should remain vigilant and closely monitor the situation.
This article was written by our team of expert writers with the help of CoinStats’ market data.
Source: https://u.today/xrp-price-prediction-for-march-20-0
