According to CoinMarketCap, there are no reversal signals in the market yet.
XRP/USD
The XRP price continues to rise, rising 6.6% in the last 24 hours.
On the hourly chart, the price of XRP is rising after a false breakout of local support at $0.5984. If buyers are able to maintain the momentum they have gained, an upward move may lead to resistance followed by a breakout.
On a larger timeframe, you should pay attention to the nearest level of $0.6342. If the daily bar closes near or above it, the accumulated energy could be enough to test the $0.66 zone soon. This scenario is valid until the end of the week.
From a medium-term perspective, XRP price remains in the middle of a broad channel, between support at $0.4226 and resistance at $0.7430. Since neither side has yet seized the initiative, the more likely scenario is continued sideways trading.
At the time of publication, XRP is trading at $0.6143.
