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Bulls are trying to get back in the game at the end of the week, according to CoinMarketCap.
XRP/USD
The price of XRP has risen by 0.46% over the last day.
On the hourly chart, the rate of XRP is bearish as it is on the way back to the local support of $0.5135. If sellers' pressure continues, one can expect a breakout, followed by a move to the $0.51 area.
On the bigger time frame, there are also no reversal signals yet. If bulls lose the $0.51 zone, the drop is likely to continue to the $0.48-$0.50 range next week.
From the midterm point of view, the weekly bar is about to close bearish. If the situation does not change, traders may witness a test of the previous candle low of $0.4780 soon.
XRP is trading at $0.5130 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin