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The rates of most of the coins have returned to the red zone, according to CoinMarketCap.
XRP/USD
The price of XRP has remained the same since yesterday.
On the hourly chart, the rate of XRP is coming back to the local support level of $0.4320. If the daily bar closes near it, the accumulated energy might be enough for a breakout to the $0.43 zone.
Today's move has not affected the technical position of XRP on the daily time frame. Such a statement is also confirmed by the falling volume, which means none of the sides is ready for a sharp move.
Denys SerhiichukIn this case, ongoing sideways trading in the narrow range of $0.43-$0.44 is the more likely scenario.
From the midterm point of view, the picture remains bearish as the price keeps trading below the $0.46 zone. In this regard, there is still a chance to expect a further correction to $0.40 level and below.
XRP is trading at $0.4355 at press time.
Dan Burgin
