Today, most cryptocurrencies, including XRP, remain in the 'green zone'. XRP price has risen by 0.86% over the past day, but its future dynamics remain uncertain.

XRP Price Movement Over the Past Day

The rate of XRP has risen by 0.86% since yesterday. However, the hourly chart shows a bearish setup. If the decline continues, traders may witness a test of the local support at $0.5276.

Short-Term Forecast for the Upcoming Hours

On the larger time frame, the altcoin's rate is trading within yesterday's candle. If the situation does not change by the end of the day, ongoing consolidation in the narrow range of $0.52-$0.54 is the more likely scenario.

Mid-Term Prospects for XRP

From a midterm perspective, attention should be paid to the weekly bar closure, especially regarding the support level of $0.5026. If a breakout happens, the accumulated energy might be enough for a move to the $0.45 zone.

Currently, XRP is trading at $0.5303. Price changes are influenced by various factors, requiring careful monitoring by traders and investors to assess potential risks and opportunities.