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Bears are getting back in the game, according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
XRP/USD
The rate of XRP is almost unchanged since yesterday.
Image by TradingView
On the hourly chart, the rate of XRP is trading near the local resistance at $0.4741. If the volume remains high and buyers can hold the gained initiative, there is a chance to see a breakout, followed by an impulse to the $0.4750 mark tomorrow.
Image by TradingView
On the daily chart, the situation is not clear yet as the rate keeps trading sideways. The volatility is decreasing, which means that traders are unlikely to see any sharp moves soon. In this regard, one may witness ongoing consolidation in the area of $0.4750-$0.48 until the end of the week.
Image by TradingView
Neither bulls nor bears have seized the initiative on the weekly time frame. However, if the rate rises to the $0.50 area, there is a possibility of seeing an upward move to the $0.56-$0.58 area.
XRP is trading at $0.4731 at press time.
Godfrey Benjamin
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov