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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
Vladislav Sopov
Dan Burgin