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Sellers are more powerful than buyers on the last day of the week, according to CoinMarketCap.
XRP/USD
The price of XRP has declined by 1.50% over the last 24 hours.
On the hourly chart, the rate of XRP is in the middle of the narrow channel between the support of $0.4977 and the resistance of $0.5111. As most of the ATR has been passed, any sharp moves are unlikely to happen today.
On the daily time frame, the price of XRP is returning to the support level of $0.4877.
Denys SerhiichukIf the situation does not change, the accumulated energy might be enough for a breakout, followed by a move to the $0.48 zone.
From the midterm point of view, the rate of the altcoin is far from the key levels. However, if the weekly bar closes below $0.49, there is a chance of a test of the $0.44 area.
XRP is trading at $0.5039 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team