Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The correction might have ended as coins are back to the green area.
Top coins by CoinMarketCap
XRP/USD
The rate of XRP has risen by 2.11% over the last 24 hours.
Image by TradingView
Despite today's rise, the rate of XRP remains looking bullish as the price is again testing the resistance at $0.6288. If a breakout happens, the upward move may continue to the $0.64 zone soon.
Image by TradingView
On the daily time frame, the rate of XRP keeps rising after a false breakout of the support at $0.61. If today's candle closes with no long wick, there is a chance of seeing a local rise to the $0.64-$0.65 area until mid-August.
Image by TradingView
A similar picture can be seen on the weekly chart; however, traders should focus on the bar's closure. If it happens far from $0.61, one can expect a bounce back to the $0.68 mark by the end of the month.
XRP is trading at $0.6277 at press time.
Alex Dovbnya
Valeria Blokhina
