The trading week on the XRP market ended with an unsuccessful attempt by sellers to regain control of the range of $0.24-$0.26. Closing the weekly candle at $0.277, sellers were unable to absorb the previous candle. The weakness of sellers was reflected in the trading volume, which was 2 times less than the previous week. However, even such daily trading volumes in the amount of $3,288,493,766 allow XRP to remain in the top 9 most liquid crypto projects. If we compare the nature of the XRP price movement last week with other coins, then XRP still looks like a dormant volcano. This is especially clear on the daily chart: Weak correction, low volumes, and a broken trend of sellers The XRP price correction continues from 8 January and at the beginning of the correction in the period from 8 to 11 January, sellers still had ambitions to continue the trend. Though, since 14 January, the volume of sellers to reduce the price has significantly fallen. Also, the XRP price went beyond the falling channel, where it moved from 17 December. Thus, the XRP market is looking forward to a new growth momentum, with a target of $0.48-$0.5. BTC consolidation should positively contribute to the XRP shot. But the main snag in the XRPBTC pair chart is: The passivity of buyers can turn into a new tragedy The lull in this market continues and this is a bit scary and pushes for an alternative scenario of price movements. If the BTC correction begins and buyers lose the range of $32,000-$33,000 then XRP also will continue the correction. In this case, the range of $0.24-$0.26 will not stand, because global buyers’ support is in the range of $0.17-$0.18. Therefore, this week it is important that the dormant volcano Ripple became the active one. Otherwise, there is a risk of becoming a dead volcano.
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