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 may be finished on the cryptocurrency market as most of the coins are again in the green zone.
Top coins by CoinMarketCap
XRP/USD
The price of XRP has risen by 1.58% since yesterday.
Image by TradingView
On the hourly chart, the rate of XRP has made a false breakout of the local resistance at $0.7047. However, if the bar closes near it or above, the growth may continue to the $0.71-$0.72 area soon.
Image by TradingView
On the bigger time frame, the rate of XRP has made a false breakout of yesterday's low at $0.6812. If the candle closes far from that mark, there is a chance to see a bounce back to the $0.70 range and above.
Image by TradingView
A similar situation can be seen on the daily chart against Bitcoin (BTC). If buyers can hold the gained initiative, traders are likely to see a local rise to the 0.000024 area and above. Such a scenario is relevant until the end of the week.
XRP is trading at $0.6989 at press time.
Alex Dovbnya
Gamza Khanzadaev
