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Neither bulls nor bears are dominating today, according to CoinStats.
XRP/USD
The price of XRP has fallen by 0.66% over the last 24 hours.
On the hourly chart, the rate of XRP might have set a local support level at $0.5196. At the moment, one should pay attention to the daily candle closure.
If it happens far from that mark, the growth may continue to the middle of the local channel.
On the daily time frame, the price of XRP has once again bounced off the resistance level of $0.5266. While the rate is below that mark, there is a chance to see a correction to the $0.5150 zone.
From the midterm point of view, the situation is more positive. The price is rising after a false breakout of the $0.4959 level. However, the rate of XRP has not accumulated enough energy yet for a continued move. In this case, sideways trading in the area of $0.51-$0.53 is the more likely scenario for the next days.
XRP is trading at $0.5218 at press time.
Yuri Molchan
Vladislav Sopov
Gamza Khanzadaev
