u.today
The market has not decided yet which way to move as neither bulls nor bears have seized the initiative.
XRP/USD
The price of XRP is almost unchanged as it has only gone up 0.22%.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/f43/f43a7673934875312174d7ff5f22d28d9bb36efa.png" size="1818x885">
On the local chart, XRP has started to drop after the breakout of the $0.3287 level. Currently, there are no signals for a fast reversal as the bulls have not accumulated enough power.
The drop can stop if a false breakout of the support level at $0.3199 occurrs.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/927/927999e4169cd760830ff168c64490c9f2f31ef8.png" size="1818x885">
On the bigger time frame, XRP is coming back to the support level at $0.3199 against the high volume. If the closure happens around this mark, the ongoing fall may continue to the $0.3150 zone soon.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/f06/f06aaa1ea3a6e31996c52726fe8cecea5553a987.png" size="1818x885">
On the weekly chart, XRP is located closer to the support level than to the resistance, which means that there are more chances to see a further fall than local growth. The rise may happen only if bulls can return the price above the $0.34 mark and fix there.
XRP is trading at $0.3247 at press time.