u.today
Bulls remain more powerful than bears even on the weekend, according to the CoinMarketCap ranking.
XRP/USD
The rate of XRP has declined by 1.62% over the last 24 hours.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/27d/27dcd4e829799be8b73c6be0f5af556440a02220.png" size="2698x1318">
On the hourly chart, the price of XRP has made a false breakout of the local support level at $0.4412. At the moment, one should pay close attention to the bar closure. If it happens near the resistance, the growth may continue to the $0.48 zone.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/209/20987e08bb42ac03598ab36f4a067be258aa10b1.png" size="2698x1318">
On the bigger time frame, the rate of XRP has bounced off after a test of the support at $0.4412. Even though sellers remain more powerful than buyers, there is a chance to see a local correction if the candle closes with no long wicks. Such a scenario is relevant for the next few days.
XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/0b3/0b3d90a0fc0aad8f5502080ce922d42468ab7898.png" size="2698x1318">
On the weekly chart, the situation is more bearish as the bar is about to close near the vital level. If it happens, the accumulated energy may be enough for a breakout followed by a blast to the $0.40 area.
XRP is trading at $0.4581 at press time.