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Most of the coins are going down on the first day of the weekend, according to CoinMarketCap.
XRP/USD
On the hourly chart, the rate of XRP has fallen by 1.93% over the last day.
The price of XRP is near the local resistance of $2.1533. If bulls can hold the gained initiative and the daily bar closes above that mark, one can expect an ongoing upward move to the $2.20 zone.
On the bigger time frame, the rate of XRP has bounced off the support of $2.077.
If the candle closes far from that mark, traders may witness a local correction to the $2.20-$2.25 range.
From the midterm point of view, the price is falling after a false breakout of the resistance of $2.59. If nothing changes, one can expect an ongoing downward move to the vital $2 zone.
XRP is trading at $2.1608 at press time.
Vladislav Sopov
U.Today Editorial Team