Most coins have come back to the red zone, according to CoinMarketCap.
Top coins by CoinMarketCap
XRP/USD
The price of XRP has increased by 1.15% over the last 24 hours.
Image by TradingViewOn the hourly chart, the rate of XRP has made a false breakout of the local resistance of $0.4802. If the daily bar closes far from that mark, the correction may continue to the $0.4750 area tomorrow.
Image by TradingViewOn the bigger time frame, the price of XRP keeps growing after yesterday’s bullish closure. However, if the candle closes far from its high, bears may again seize the initiative, which might lead to a drop to the $0.47 range soon.
Image by TradingViewFrom the midterm point of view, none of the sides is dominating as the rate is far from the support and resistance levels.
If the weekly bar closes around the current prices, ongoing sideways trading in the zone of $0.47-$0.48 is the more likely scenario.
XRP is trading at $0.4767 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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