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Neither bulls nor bears are dominating today, according to the CoinMarketCap ranking.
XRP/USD
The rate of XRP keeps rising, going up by 0.76% over the last day.
The price of XRP might have found a local peak on the hourly chart. If today's candle closes far from the $0.6990 level, the correction may continue to the support of $0.6725 tomorrow.
On the daily time frame, the rate of XRP is trading within yesterday's bar, which means that none of the sides is dominating.
Denys SerhiichukThe falling volume also confirms that sideways trading is the more likely scenario until the end of the week.
From the midterm point of view, one should pay attention to the bar closure in terms of the $0.6655 level. If that happens above it and with no long wick, the further growth may lead to the test of the resistance of $0.85 until the end of the month.
XRP is trading at $0.6863 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin