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Most of the coins remain in the green zone today, according to CoinMarketCap.
XRP/USD
XRP is the exception to the rule, falling by almost 1%.
On the hourly chart, the rate of XRP is near the local support of $2.9618. If a bounce back does not occur, traders may expect a level breakout, followed by a further correction to the $2.95 mark.
On the longer time frame, the situation is similar. If the daily bar closes below the $2.9403 level, the accumulated energy might be enough for a move to the $2.90-$2.92 zone. Such a scenario is relevant until the end of the week.
From the midterm point of view, the rate of XRP is far from key levels. In this case, one should focus on the bar's closure in terms of the $3 area.
If it happens above $3, there is a chance of seeing a local rise to the $3.40 range.
XRP is trading at $2.9744 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team