According to CoinMarketCap, some coins failed to sustain yesterday’s gains.
XRP/USD
The XRP rate has fallen by 0.42% over the past 24 hours.
On the hourly chart, the XRP price made a false breakout of the local resistance level of $0.4808. If the daily bar closes far from it, the correction may continue to $0.4762.
On a longer time frame, neither side dominates as the rate is far from the main levels. Buyers can start thinking about a trend reversal only if the price recovers to $0.4850 and consolidates above.
A similar picture can be seen on the weekly chart. Volume remains low, indicating that buyers are not yet ready to seize the initiative.
Moreover, if the weekly bar closes far from its peak, traders could witness a continued decline to $0.47.
At the time of publication, XRP is trading at $0.4805.
