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The weekend started bearishly for the majority of coins, according to CoinMarketCap.
Top coins by CoinMarketCap
XRP/USD
The rate of XRP has fallen by 2.89% in the past 24 hours.
Image by TradingView
On the hourly chart, XRP price looks bullish as it is close to the local resistance at $0.5153. If buyers can maintain the control they have gained until the end of the day, we can expect a breakout and then a test of the $0.53 range.
Image by TradingView
Looking at the larger time frame, the XRP rate is rising after rebounding from the support at $0.4922. If the daily candlestick closes far from that mark, the rally could continue all the way to the $0.52 zone.
Image by TradingView
From a medium-term perspective, prices are far from mainstream levels. The absence of buyer-seller power is also confirmed by the decline in trading volumes.
related
Overall, the more likely scenario is continued sideways trading in the $0.50 to $0.54 range.
At the time of writing, XRP is trading at $0.5102.
