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The bears' pressure remains, according to the CoinMarketCap ranking.
XRP/USD
XRP could not join the list of rising coins, falling by 0.81%.
On the hourly chart, the rate of XRP has made a false breakout of the resistance at $0.49816. If the decline continues to the $0.49 mark, the accumulation should be enough for a drop to the $0.48 zone.
Today's drop has not affected the general technical position of XRP as the rate remains trading in the middle of the side channel, between the support at $0.4328 and the resistance at $0.5582. As none of the sides has seized the initiative, sideways trading is occurring in the area of $0.47-$0.51. Such a scenario is relevant until the end of the month.
The rate of XRP is neither bearish nor bullish on the daily time frame against Bitcoin (BTC). If the candle closes near the 0.000017 zone or below it, the fall may lead to the test of the 0.000016 zone within the next few days.
XRP is trading at $0.4912 at press time.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin