Bears remain powerful as the prices of most of the coins are in the red zone, according to CoinMarketCap.
Top coins by CoinMarketCap
XRP/USD
The price of XRP is almost unchanged since yesterday.
Image by TradingViewOn the hourly chart, the rate of XRP is looking bullish as it is testing the local resistance of $0.5344. If its breakout occurs, the upward move may continue to the $0.5450 zone.
Image by TradingViewOn the bigger time frame, the price is far from key levels. As none of the sides has seized the initiative, there are low chances to expect any sharp moves.
In this case, ongoing sideways trading in the zone of $0.52-$0.54 is the more likely scenario.
Image by TradingViewFrom the midterm point of view, the picture is quite similar. The volume remains low, confirming the absence of buyers’ and sellers’ energy. Respectively, traders can expect consolidation around $0.54 until the end of the month.
XRP is trading at $0.5351 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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