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Bears are not going to give up so easily, according to the CoinMarketCap ranking.
XRP/USD
The rate of XRP has declined by 1.91% over the last 24 hours.
On the hourly chart, the price of XRP has bounced off the recently formed support at $0.3603. At the moment, one should pay attention to the closure.
Denys SerhiichukIf it happens near the middle of the channel, there is a possibility of seeing further growth to the resistance at $0.3667 tomorrow.
On the daily time frame, the situation remains bearish as the rate keeps trading near the level of $0.3546. If buyers want to seize the initiative, they need to restore the price to the $0.40 zone. In another case, traders might see a sharp drop below the mentioned support shortly.
On the weekly chart, the price has once again made a false breakout of the support at $0.3546. Until the rate is above that point, there is a chance to see a bounce back. In this case, the local rise may lead to the test of the $0.37-$0.38 zone soon.
XRP is trading at $0.3628 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin