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The rates of most of the coins are rising again, according to CoinStats.
XRP/USD
The price of XRP has risen by 1.26% since yesterday.
Despite today's rise, the rate of XRP is looking bearish on the hourly chart. If the breakout of the support happens, the decline is likely to continue to the $2.50 zone.
On the bigger time frame, the price of XRP has bounced off the resistance of $2.6549.
If the daily bar closes far from that level, one can expect a test of the $2.40-$2.50 range by the end of the week.
From the midterm point of view, traders should pay attention to the $2.59 level. If the weekly bar closes near it or above and with no long wick, the accumulated energy might be enough for an ongoing upward move to the $2.80 area.
XRP is trading at $2.5589 at press time.
Vladislav Sopov
Dan Burgin