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The week is ending bullish for most coins, according to CoinStats.
XRP/USD
The price of XRP has remained the same since yesterday.
On the hourly chart, the rate of XRP is looking bearish as it is near the local support level of $0.5434. If buyers fail to seize the initiative by the end of the day, there is a high chance of a breakout followed by a decline to the $0.54 zone.
On the daily time frame, the price of XRP has made a false breakout of yesterday’s candle peak. If the bar closes far from that mark, sellers may be back in the game, which might lead to a correction to the $0.53-$0.5350 area soon.
From the midterm point of view, neither bulls nor bears are dominating. The rate is in the middle of the wide channel, which means any sharp moves are unlikely to happen soon.
All in all, consolidation between $0.53 and $0.57 is the more likely scenario for the next weeks.
XRP is trading at $0.5446 at press time.
