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Some coins have entered a correction phase, according to CoinStats.
XRP/USD
The rate of XRP keeps rising, going up by 7.42%.
Despite today's rise, the price of XRP might face a correction on the local chart. If the daily candle closes below the $0.6397 level, traders may witness a drop to the $0.62 area shortly.
On the daily time frame, the rate of XRP has almost tested the resistance of $0.6580. However, if the rise continues, one can expect a breakout followed by ongoing growth to the $0.70 zone.
On the weekly chart, the area of $0.65 plays a key role for bulls in terms of the further upward move.
Denys SerhiichukIf the candle fixes above it, the accumulated energy might be enough for a test of the $0.70-$0.75 area this month.
XRP is trading at $0.6338 at press time.
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov