u.today
Bulls could not seize the initiative until the end of the day as all of the top 10 coins remain in the red zone.
XRP/USD
XRP has turned out to be more of a loser than Bitcoin (BTC) as the price has dropped by 3.86%.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/874/874f645c0fd63c17cb2a6f7e016a36c563638be7.png" size="2708x1320">
On the hourly chart, XRP has formed a false breakout of the support at $0.43804. At the moment, the price is located in the middle of a narrow channel, which means that one should not expect sharp moves until the end of the day.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/87a/87a6516acd62fd15fb2a1ffc772679eda79c3aca.png" size="2708x1320">
On the daily time frame, nothing is clear yet as XRP keeps accumulating power for a further sharp move. If buyers want to get back in the game, they need to fix above the $0.46 zone.
Only, in that case, there is a possibility of seeing a midterm reversal.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/768/768fc618d2093e19d3c3faf007ed8b56723bd0e5.png" size="2708x1320">
From the weekly chart, XRP has made a false breakout of the support level at $0.43804. If the candle fixes above it, the bounce back may continue next week. If that happens, XRP can reach the $0.48 mark next month.
XRP is trading at $0.4457 at press time.