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Sellers are keeping their pressure, according to CoinMarketCap.
XRP/USD
The rate of XRP has gone down by 3.46% over the last 24 hours.
On the hourly chart, the price of XRP is in the middle of a local channel. As most of the daily ATR has been passed, there are low chances to expect any sharp moves by tomorrow.
On the bigger time frame, the picture is rather more bearish than bullish as the rate of XRP is closer to the support level than to the resistance.
Denys SerhiichukIf the drop continues, the accumulated energy might be enough for a move to the $0.52 zone.
From the midterm point of view, none of the sides is dominating. In this case, ongoing sideways trading in the range of $0.55-$0.65 is the more likely scenario for the next few weeks.
XRP is trading at $0.5735 at press time.
Vladislav Sopov
U.Today Editorial Team
Dan Burgin