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Most of the coins keep setting new local peaks, however, there are some exceptions to the rule, according to CoinMarketCap.
XRP/USD
The rate of XRP has fallen by 1.31% over the past day.
On the hourly chart, the price of XRP is closer to the resistance than to the support. If buyers can hold the gained initiative, one can expect a level breakout, followed by an ongoing upward move to the $3 area.
On the longer time frame, one should pay attention to the candle's closure in terms of the nearest level of $3.0263.
If it breaks out, the accumulated energy might be enough for a test of the $3.10 zone.
From the midterm point of view, the rate of XRP is going up after a false breakout of the $2.7280 level. However, bulls might need more time to accumulate energy for a further move. In this case, sideways trading in the range of $2.90-$3.10 is the most likely scenario.
XRP is trading at $2.9683 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team