On the first day of the weekend, the XRP price shows minor changes. Bulls have failed to seize the initiative, according to CoinStats.
Current Situation
According to CoinStats, the XRP rate has increased by 0.5% since yesterday. At the moment, the cryptocurrency is trading at $0.5321.
Hourly Chart
On the hourly chart, the price of XRP is trading above the local resistance of $0.5307. If the situation does not change by the end of the day, the rise is likely to continue.
Midterm Perspective
On the bigger time frame, the rate is far from the key levels. Even if the current bar closes bullish, buyers have not accumulated enough strength for a continued upward move. In this case, sideways trading in the zone of $0.52-$0.55 is the more likely scenario. From the midterm point of view, neither bulls nor bears are dominating. Respectively, any sharp moves are unlikely to happen soon. All in all, traders may witness a consolidation in the zone of $0.50-$0.60 for the next days.
Thus, at the moment, the XRP market is stable, and significant changes are not expected in the near future.
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