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Most of the coins are not ready yet to keep moving up, according to CoinMarketCap.
XRP/USD
XRP is one of the biggest losers today, falling by 4.41%.
On the hourly chart, the price of XRP is going down after a false breakout of the local resistance of $2.777.
If the situation does not change, one can expect an ongoing drop to the $2.70 zone.
On the longer time frame, the picture is also bearish. If the daily bar closes below the $2.6975 level, the accumulated energy might be enough for a more profound decline to the $2.60-$2.70 range.
From the midterm point of view, bears are more powerful than bulls. If a breakout of the $2.7280 level happens, there is a high chance of seeing a test of the $2.50 mark soon.
XRP is trading at $2.7045 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team