Sun, 9/06/2024 – 14:07
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Neither bulls nor bears are dominating at the end of the week, according to CoinStats.
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XRP/USD
The rate of XRP has almost not changed since yesterday.
![](https://u.today/sites/default/files/inline-images/xrp1_161.png)
On the hourly time frame, the price of XRP has made a false breakout of the local resistance of $0.4949. If the daily bar closes far from that mark, one can expect a drop to the $0.4910-$0.4920 zone tomorrow.
![](https://u.today/sites/default/files/inline-images/xrp2_156.png)
On the bigger chart, traders should focus on the level of $0.49. If the candle closes below it, the decline may lead to a test of the $0.48 range.
Such a scenario is relevant until the end of next week.
![](https://u.today/sites/default/files/inline-images/xrp3_150.png)
From the midterm point of view, the bar is about to close far from the support and resistance levels. If that happens, traders may witness ongoing sideways trading around $0.50.
XRP is trading at $0.4941 at press time.