Some coins from the top 10 list are bouncing off, according to CoinMarketCap.
XRP/USD
The rate of XRP has fallen by 0.07% over the last 24 hours.
Despite today’s slight drop, the price of XRP is rising after a false breakout of the local support level of $0.4706. If buyers can hold the gained initiative, the upward move may lead to the test of the resistance of $0.4774 by tomorrow.
On the bigger time frame, the situation is unchanged from the technical point of view.
If the daily bar closes around the current prices, sideways trading in the area of $0.47-$0.49 remains the more likely scenario for the next few days.
On the weekly chart, the picture is bearish; however, one should focus on the candle’s closure. If it happens far from the bar’s low, there is a possibility of seeing a bounce back to the $0.48-$0.49 zone.
XRP is trading at $0.4745 at press time.
