The cryptocurrency market has no plans to enter the correction zone even on the weekend as almost all of the Top 10 coins are in the green zone. XRP is the only exception to the rule, declining by 0.93%.
The market capitalization has also increased since yesterday. The growth has accounted for around $6 billion.
The relevant data for XRP looks the following way today:
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Name: XRP
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Ticker: XRP
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Market Cap: $26,430,375,369
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Price: $0.581923
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Volume (24h): $12,076,279,461
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Change (24h): -0.68%
The data is relevant at press time.
XRP/USD: Any chances left of fixing above $0.60?
XRP is the only coin among the Top 10 coins whose rate is located in the red zone. The price of the third most popular coin has gone down by 0.74% since yesterday.
On the hourly chart, XRP has the chance to retest the local resistance at $0.6139. However, it is too early to consider the update of the peak levels as the bulls’ power is not enough now based on liquidity and low trading volume.
On the 4H time frame, the sideways trend is the more likely scenario as XRP needs to accumulate more power before further growth. In this case, the coin may locate in the range of $0.60-$0.62 soon.
Thus, high liquidity in that area supports such an option.
Despite the drop from almost $0.80, bulls have managed to seize the initiative. At the moment, XRP is slowly approaching the $0.6525 mark. If bulls can break it, the next target is the retest of $0.79 and setting new peaks of 2020.
XRP is trading at $0.5854 at press time.
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