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Neither bulls nor bears are dominating at the end of the week, according to CoinStats.
XRP/USD
The rate of XRP has almost not changed since yesterday.
On the hourly time frame, the price of XRP has made a false breakout of the local resistance of $0.4949. If the daily bar closes far from that mark, one can expect a drop to the $0.4910-$0.4920 zone tomorrow.
On the bigger chart, traders should focus on the level of $0.49. If the candle closes below it, the decline may lead to a test of the $0.48 range.
Denys SerhiichukSuch a scenario is relevant until the end of next week.
From the midterm point of view, the bar is about to close far from the support and resistance levels. If that happens, traders may witness ongoing sideways trading around $0.50.
XRP is trading at $0.4941 at press time.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin