XRP Price Analysis

Is it possible to see further rise of XRP?

Bulls could not hold the initiative until the end of the week, according to CoinStats.

The rate of XRP has risen by 1.25% over the last 24 hours.

On the hourly chart, the price of XRP has made a false breakout of the local resistance at $0.6362. If the decline continues, there is a high chance of a further drop to the support level.

On the bigger time frame, neither side has seized the initiative yet. Thus, the volume remains low, which means that ongoing sideways trading is the more likely scenario.

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