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Most coins from the top 10 list are again in the green zone, according to CoinMarketCap.
XRP/USD
The price of XRP has gone up by 1% over the past day.
On the hourly chart, the rate of XRP has made a false breakout of the local resistance of $2.8305. However, if the daily bar closes near that mark or above, growth may continue to the $2.85 range.
On the longer time frame, the situation is the opposite. The price is closer to the support than to the resistance, which means bears are more powerful than bulls.
If sellers' pressure continues, one can expect a test of the $2.6975 level soon.
From the midterm point of view, the picture is similar. If the weekly bar closes below the previous bar's low, the accumulated energy might be enough for an ongoing decline to the $2.40-$2.60 area.
XRP is trading at $2.8143 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team