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According to CoinMarketCap, some coins returned to the red zone over the weekend.
Top coins by CoinMarketCap
XRP/USD
The XRP rate has fallen by 1.58% since yesterday. Last week, the price increased by 0.34%.
Image by TradingView
On the hourly chart, XRP price looks bearish as it is close to the support level at $0.5310. If buyers fail to take control by the end of the day, we can expect a move to the sub-$0.53 zone following the breakout.
Image by TradingView
On the larger time frame, rates continue to fall after accidentally breaking the $0.5445 resistance level. If the candlestick closes near the low of $0.53, traders could see a test of the $0.52 to $0.5250 range in the coming days.
Image by TradingView
On the weekly chart, the situation is neither bullish nor bearish, as the bars are trading within the range of the previous candlestick.
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If the situation does not change by the end of the week, the likely scenario is that the price will continue trading sideways in the $0.51-$0.56 zone.
At the time of writing, XRP is trading at $0.5295.
