XRP Price Analysis for January 28

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XRP Price Analysis for January 28
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Can XRP remain above $0.40 the upcoming week? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie

On the hourly chart, the price of XRP has broken the support at $0.4086. At the moment, the daily closure plays an important role. If it happens below, traders may expect a decline to $0.40.

On the daily time frame, the rate is located in the middle of the channel, which means that neither side has seized the initiative yet. Respectively, sideways trading in the area of $0.41-$0.42 might continue next week. On the weekly chart, the price has tested the mirror level at $0.4425, which serves as resistance. Despite the bounce back, XRP remains bullish while the rate is above the key level of $0.40.

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