The rate of XRP has almost not changed since yesterday.
Image by TradingViewOn the hourly time frame, the price of XRP has made a false breakout of the local resistance of $0.4949. If the daily bar closes far from that mark, one can expect a drop to the $0.4910-$0.4920 zone tomorrow.
Image by TradingViewOn the bigger chart, traders should focus on the level of $0.49. If the candle closes below it, the decline may lead to a test of the $0.48 range.
Such a scenario is relevant until the end of next week.
Image by TradingViewFrom the midterm point of view, the bar is about to close far from the support and resistance levels. If that happens, traders may witness ongoing sideways trading around $0.50.
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.
