u.today
Sunday is about to become bearish for the cryptocurrency market, according to CoinMarketCap's ranking.
XRP/USD
The price of XRP has fallen by 0.39% over the last 24 hours.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/1f9/1f98e5eb2ed7a5678ab63fe84c6b0f04de589a7b.png" size="2698x1254">
On the local chart, XRP is trading near the formed support at $0.3760. If buyers cannot seize the initiative by the end of the day, the breakout may lead to a drop to the $0.375 zone.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/329/329ad1e8fe35330c7768cc1c48e1d8bae8970908.png" size="2698x1254">
From the technical point of view, XRP is also more bearish than bullish on the daily time frame. If the bar closure happens near the support level at $0.3725, the decline may continue to the next important zone of $0.36198.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/6f6/6f65ed95b8b06facbee2728edc93ac4996c21cf5.png" size="2698x1254">
On the weekly chart, XRP is about to return to the support level at $0.3679, which means that it is unlikely to see growth shortly.
In this case, sideways trading in the range of $0.36-$0.38 is the more likely scenario until mid-March.
XRP is trading at $0.3763 at press time.