u.today
Bulls are controlling the situation on the market at the beginning of the second part of the week, according to CoinMarketCap.
$XRP/USD
$XRP is an exception to the rule, falling by 1.06% over the last 24 hours.
On the hourly chart, the rate of $XRP is on its way to the local support of $2.1426. If it breaks out, the correction is likely to continue to the $2.10 range.
On the longer time frame, bulls have failed to keep the rise going after yesterday's bullish closure. If the candle closes below the $2.14 mark, traders may expect an ongoing decline to the $2.00-$2.10 area.
Such a scenario is relevant until the end of the week.
From the midterm point of view, none of the sides is dominating as the rate of $XRP is far from the key support and resistance levels. Thus, the volume is low, which means sideways trading around the current prices is the most likely scenario.
$XRP is trading at $2.1397 at press time.