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The market keeps going down; however, there are some exceptions to this rule.
Top coins by CoinMarketCap
XRP/USD
The rate of XRP has risen by 4.54% against the decline of other cryptocurrencies.
Image by TradingView
On the local chart, the price of XRP is fighting for a support level at $0.4399. If bears win and the bar closure happens below it, the fall is likely to continue to the zone of $0.4350.
Image by TradingView
A similar picture can be seen on the bigger time frame. The rate has bounced off the $0.46 zone, which means buyers are not ready yet to seize the initiative. If the situation does not change until the end of the day, traders may expect a fall to $0.4350 area shortly.
Image by TradingView
On the weekly chart, XRP remains weak as the price is located near the support level at $0.4101. If bulls cannot seize the initiative, the breakout may lead to a sharp drop to the $0.38-$0.40 zone.
XRP is trading at $0.4387 at press time.
Arman Shirinyan
Dan Burgin
Alex Dovbnya