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Most of the coins remain bullish; however, there are some exceptions to the rule, according to CoinMarketCap.
XRP/USD
XRP is one of the biggest losers today, falling by 3.30% over the last 24 hours.
On the hourly chart, the price of XRP is near the local support of $1.0816. If the daily bar closes around that level, one can expect a breakout, followed by a move to the $1.07 zone.
On the bigger time frame, none of the sides is dominating as the rate is trading within yesterday's bar. In this case, there are low chances of expecting any sharp moves.
Denys SerhiichukAll in all, sideways trading in the area of $1-$1.15 is the most likely scenario.
From the midterm point of view, one should focus on the weekly candle's closure. If it happens far from its peak and with a long wick, traders may witness a correction to the $0.90-$1 range by the end of the month.
XRP is trading at $1.1030 at press time.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
U.Today Editorial Team
Vladislav Sopov