u.today
The correction might have ended on the cryptocurrency market, according to the CoinMarketCap ranking.
XRP/USD
The rate of XRP has risen by 0.67% over the last 24 hours.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/497/49734bb4ae7c1b7520054151f24495fb595a057f.png" size="1829x850">
On the hourly chart, the new month has started with the sharp growth of XRP, having formed the local support level at $0.3729. Currently, the price is located near the resistance, trying to fix above the $0.38 mark.
If buyers manage to do that, the breakout may lead to the test of the $0.3860 area shortly.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/86a/86a4ff1271f025a9f6f14928c0db9c7b37479447.png" size="1829x850">
On the bigger time frame, the situation is also rather bullish than bearish, as the rate is slowly approaching the resistance at $0.3829. Thus, the volume is rising and confirming buyers' interest. All in all, the more likely scenario is further growth to the zone of $0.39.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/e16/e16c9ea55c94e2c37010feeb08fc8645af8be753.png" size="1829x850">
On the weekly chart, XRP has not accumulated enough power for a sharp move yet. Traders can think about midterm growth only if the price returns to the $0.40 zone and fixes above it.
XRP is trading at $0.3807 at press time.