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A new week has started with market growth; however, some coins have come back to the red zone, according to CoinMarketCap.
XRP/USD
The rate of XRP has declined by 0.62% over the last 24 hours.
On the hourly chart, the price of XRP is looking bearish. If a breakout of the local support of $2.6051 happens, the correction is likely to continue to the $2.58 mark.
On the longer time frame, the rate of XRP has made a false breakout of the resistance of $2.6624.
If the daily candle closes far from that mark, one can expect a test of the support of $2.5475 shortly.
From the midterm point of view, it is too early to make any long-term predictions. In this case, one should focus on the weekly bar's closure in terms of the $2.65 mark. If the candle closes above it, the upward move is likely to continue to the $2.70-$2.80 range.
XRP is trading at $2.6303 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team