Some coins could not keep yesterday’s rise going, according to CoinMarketCap.
Top coins by CoinMarketCap
XRP/USD
The rate of XRP has declined by 0.42% over the last day.
Image by TradingViewOn the hourly chart, the price of XRP has made a false breakout of the local resistance level of $0.4808. If the daily bar closes far from it, the correction may continue to $0.4762.
Image by TradingViewOn the bigger time frame, none of the sides is dominating as the rate is far from the main levels. Buyers may start thinking about a trend reversal only if they restore the price to $0.4850 and fix above it.
Image by TradingViewA similar picture can be seen on the weekly chart. The volume remains low, which means buyers are not ready yet to seize the initiative.
Moreover, if the weekly bar closes far from its peak, traders can witness an ongoing drop to $0.47.
XRP is trading at $0.4805 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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