u.today
The correction has not lasted long, and most of the coins have come back to the green zone, according to CoinMarketCap.
$XRP/USD
The rate of $XRP has increased by 6.12% over the last day.
On the hourly chart, the price of $XRP is closer to the resistance than to the support level. If buyers' pressure continues, growth may lead to a test of the $1.48-$1.50 area by tomorrow.
On the bigger time frame, the picture is quite similar, even though the rate of $XRP keeps accumulating energy. Sideways trading is also confirmed by the falling volume.
If the breakout of the $1.50 level happens, the accumulated energy might be enough for a move to the $1.60 mark.
From the midterm point of view, none of the sides is dominating, as the price of $XRP is within the previous weekly bar. If nothing changes, ongoing consolidation in the range of $1.30-$1.60 is the more likely scenario.
$XRP is trading at $1.42 at press time.