Buyers are still weak, according to CoinMarketCap.
Top coins by CoinMarketCap
XRP/USD
The price of XRP has declined by 2.18% over the last 24 hours.
Image by TradingViewDespite today’s fall, the rate of XRP is looking bullish as it is near the local resistance level of $0.5280. If it breaks out, there is a chance to see a test of $0.53.
Image by TradingViewOn the bigger chart, neither bulls nor bears are dominating as the price is far from the key levels. Furthermore, the candle is about to close far from its peak or low.
In this case, sideways trading in the zone of $0.52-$0.53 is the more likely scenario.
Image by TradingViewFrom the midterm point of view, one should pay attention to the weekly bar’s closure. If it happens near $0.55, traders may expect a local bounce back.
XRP is trading at $0.5252 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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