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Bulls could not seize the initiative on the last day of the week as the rates of most of the coins are going down.
XRP/USD
The price of XRP has declined by 5.40% since yesterday. Over the last week, the price has dropped by 28.76%.
On the hourly chart, XRP is trading near the local support level at $0.34894. If a bounce back does not happen, there is a chance to see a breakout followed by a sharp drop to the $0.34 zone.
On the daily chart, the situation is bearish as well, as the price has continued to fall after yesterday's candle.
If buyers lose the $0.35 mark, the fall may lead to a test of the nearest support level at $0.3119.
XRP is on the way to the support level at $0.2870 on the weekly time frame. At the moment, one needs to pay attention to the closure. If it happens below the vital $0.30 mark, the fall may continue to $0.25 next week.
XRP is trading at $0.3520 at press time.
Yuri Molchan
Dan Burgin
