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Sellers are trying to hold the gained initiative as the prices of coins keep falling.
XRP/USD
The rate of XRP has risen by 1.64% over the last 24 hours.
The rate of XRP has bounced off the support level of $0.6612. If the growth continues to the $0.67 mark, there is a high chance of seeing a test of the resistance tomorrow.
On the daily chart, the situation has not changed a lot since yesterday. As the price keeps trading in the middle of the channel, ongoing sideways trading in the area of $0.64-$0.68 is the more likely scenario for the next few days.
From the midterm point of view, the price of XRP has made a false breakout of the resistance of $0.7329.
If the situation does not change until the end of the week and the bar closes far from that mark, the correction may continue to the $0.60-$0.62 zone soon.
XRP is trading at $0.6614 at press time.
Arman Shirinyan
Alex Dovbnya
