The rates of most of the coins remain in the red zone at the end of the week, according to CoinStats.
XRP/USD
The price of XRP has fallen by 1% over the last day.
Despite today’s drop, the rate of XRP is looking bullish on the hourly chart. If the breakout of the resistance of $2.433 happens, the upward move may continue to the $2.50 zone soon.
On the bigger time frame, neither bulls nor bears have seized the initiative yet.Â
Related
Thus, the volume has dropped, which means that ongoing sideways trading around the current prices is the most likely scenario by the end of the week.
On the weekly chart, the rate of XRP has made a false breakout of the support of $1.9669. If the bar closes far from that mark, one can expect a local bounce back to the $2.50-$2.70 range.
XRP is trading at $2.4067 at press time.
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