Fri, 26/07/2024 – 18:00
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Most of the coins are again in the green zone, according to CoinStats.
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XRP/USD
Unlike other coins, the rate of XRP has declined by 0.82% over the last day.
On the hourly chart, the price of XRP is falling after a false breakout of the local resistance level of $0.6079. If sellers’ pressure continues, there is a chance to see a dump to the $0.59 area by tomorrow.
On the bigger time frame, the rate of XRP is in the middle of the channel, between the support of $0.5577 and the resistance of $0.6374.
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As none of the sides is dominating, ongoing sideways trading in the area of $0.58-$0.62 is the more likely scenario.
A similar picture can be seen on the weekly chart. At the moment, one should pay attention to the interim zone of $0.65. If it breaks out, bulls may seize the initiative in the midterm, which may lead to a test of the $0.70 range.
XRP is trading at $0.6014 at press time.
