According to CoinMarketCap, almost all of the top 10 coins are trading in the red zone again.
XRP/USD
XRP is the only exception to the rule, up 0.55% since yesterday.
Despite today’s slight rally, XRP price is moving back to the local support level of $0.4922. If the breakout occurs, the fall is likely to continue to the $0.4850 area soon.
On a longer time horizon, neither buyers nor sellers dominate as the rate is far from major levels. In this regard, the most likely scenario is that sideways trading in the $0.4850-$0.50 zone continues until the end of the week.
A similar picture can be seen on the weekly chart. XRP price is trading in the middle of the broad channel between the support of $0.4309 and the resistance of $0.5714.
The low volume confirms that there is little chance of high volatility until the end of the month.
At the time of writing, XRP is trading at $0.4947.
