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Bulls are trying to keep most coins in the green zone, according to CoinStats.
XRP/USD
The rate of XRP has fallen by 1.45% over the last 24 hours.
On the hourly chart, the price of XRP might have found a local support level of $0.5770. If the daily bar closes far from it, buyers may seize the initiative, which can lead to a bounce back to the $0.60 area.
On the bigger time frame, the rate of XRP is far from the main levels, which means neither bulls nor bears are dominating.
Denys SerhiichukSuch a statement is also confirmed by the falling volume. In this regard, sideways trading in the zone of $0.57-$0.61 is the more likely scenario.
From the midterm point of view, the picture is quite similar. At the moment, one should pay attention to the weekly bar. If it closes near its peak, the rise may continue to the $0.70 mark.
XRP is trading at $0.5827 at press time.
Arman Shirinyan
Alex Dovbnya