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The majority of the coins seem not to need a correction, according to CoinMarketCap's ranking.
Top coins by CoinMarketCap
XRP/USD
XRP could not follow the list of rising coins, going down by 1.81%.
Image by TradingView
Despite the fall, the price of XRP is looking bullish on the local time frame, as the rate has broken the resistance at $0.4718. If buyers can hold the rate above that mark, the growth is likely to continue to the $0.48 zone tomorrow.
Image by TradingView
On the bigger chart, the situation is not so clear as the price remains under sellers' pressure. If bulls want to seize the initiative, they need to restore the rate above the $0.50 zone. Only in that case can one expect a possible midterm reversal.
Image by TradingView
From the midterm point of view, one should focus on the bar closure in terms of the previous candle low at $0.4556. If it happens in the area of $0.48 and above, there is a possibility to see sideways trading in the range of $0.48-$0.50 until mid-July.
XRP is trading at $0.4730 at press time.
Arman Shirinyan
Alex Dovbnya
U.Today Editorial Team
Vladislav Sopov
Dan Burgin