Bulls keep holding the initiative, according to CoinMarketCap.
XRP/USD
The rate of XRP has increased by 2.37% over the last 24 hours.
On the hourly chart, the price of XRP is testing the local resistance level of $0.5181. At the moment, one should pay attention to the candle’s closure.
If it happens near that mark, the rise may continue to the $0.5250 zone.
Bulls are also powerful on the bigger time frame. However, it is too early to make any distant predictions. Only if the rate gets back to the $0.53 area and fixes above it may midterm growth continue.
On the weekly chart, the price of XRP is rising after a false breakout of the support level of $0.4959. It means that buyers have the chance to seize the initiative. If they manage to do that, there is a possibility to see a test of the $0.54-$0.56 zone soon.
XRP is trading at $0.5156 at press time.
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