XRP [Photo: Shutterstock]

[DigitalToday reporter Hyunwoo Chu (추현우)] XRP failed to break out of a range around $1.33 despite higher trading volume. On April 3, CoinDesk reported that XRP rose more than 1 percent and traded around $1.33, but it did not produce a clear upside breakout even as volume rose about 23 percent from the weekly average.

XRP held a tight range above $1.30 on the day. Buying demand came in on each dip, pushing the low slightly higher. Repeated attempts to break through $1.33 to $1.34 were blocked by selling. The price stabilised again late in the session, but did not extend gains.

The move appeared to be more closely tied to the broader market than a stand-alone XRP rally. The price tracked the overall cryptocurrency market closely, and there was no clear XRP-specific catalyst.

The fact that the price stayed in range despite higher volume also stood out. It was closer to both buyers and sellers building positions than confirming a direction.

Short-term resistance was cited at $1.34 to $1.35, with support at $1.30. An analysis said XRP was likely to remain range-bound and react to the broader market trend until that band breaks.

Keyword

#XRP #CoinDesk #cryptocurrency market #trading volume
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