u.today
Most of the coins are in the red zone on the last day of the week, according to CoinStats.
$XRP/USD
The price of $XRP has fallen by almost 4% over the last 24 hours.
On the hourly chart, the rate of $XRP is near the local support of $3. As most of the daily ATR has been passed, any sharp moves are unlikely to happen by the end of the day.
However, if a bounce back from the current prices does not happen, the fall may continue to the $2.95 zone soon.
On the bigger time frame, the price of $XRP is going down after a false breakout of the resistance of $3.1560. If bulls cannot seize the initiative, the decline is likely to continue to the $2.90-$2.95 range.
From the midterm point of view, neither side is dominating as the rate of $XRP is far from the support and resistance levels. The volume is low, which means neither side has enough energy for a further sharp move. All in all, consolidation around the current prices is the more likely scenario.
$XRP is trading at $3.032 at press time.