XRP price is trading horizontally
Liquidity above resistance
Look out for stop-loss hunts
1 Hour XRP/USD price chart
XRP still consolidating within the horizontal trading channel on the 1-hour price chart. After the recent stop loss hunt below $0.27, the price failed to make any significant gains. Trading volumes were average or below the average suggesting falling interest at such price levels.
A few hours ago XRP price set another high at $0.2760, just falling short to reach $0.27650 resistance. That fact suggests we still may witness price going into a liquidity pool above that resistance level. If the move will be supported by momentum and volume price may close somewhere near to the next resistance of $0.285, where more liquidity will be available for traders. It is important…