Bulls are trying to keep most coins in the green zone, according to CoinStats.
XRP chart by CoinStatsXRP/USD
The rate of XRP has fallen by 1.45% over the last 24 hours.
Image by TradingView
On the hourly chart, the price of XRP might have found a local support level of $0.5770. If the daily bar closes far from it, buyers may seize the initiative, which can lead to a bounce back to the $0.60 area.
Image by TradingView
On the bigger time frame, the rate of XRP is far from the main levels, which means neither bulls nor bears are dominating.
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Such a statement is also confirmed by the falling volume. In this regard, sideways trading in the zone of $0.57-$0.61 is the more likely scenario.
Image by TradingView
From the midterm point of view, the picture is quite similar. At the moment, one should pay attention to the weekly bar. If it closes near its peak, the rise may continue to the $0.70 mark.
XRP is trading at $0.5827 at press time.
