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The weekend has started bearish for the majority of the coins, according to CoinMarketCap.
XRP/USD
The rate of XRP has fallen by 2.89% over the last 24 hours.
On the hourly chart, the price of XRP is looking bullish as it is near the local resistance of $0.5153. If buyers can hold the gained initiative until the end of the day, one can expect a breakout, followed by a test of the $0.53 range.
On the bigger time frame, the rate of XRP is rising after a bounce back from the support of $0.4922. If the daily candle closes far from that mark, the upward move is likely to continue to the $0.52 zone.
From the midterm point of view, the price is far from the key levels. The absence of buyers' and sellers' power is also confirmed by the declining volume.
Denys SerhiichukAll in all, ongoing sideways trading in the range of $0.50-$0.54 is the more likely scenario.
XRP is trading at $0.5102 at press time.
Yuri Molchan
Vladislav Sopov
Dan Burgin
Alex Dovbnya