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Most of the coins are still in the green zone, according to CoinStats.
XRP chart by CoinStats
XRP/USD
The XRP rate has increased by 0.86% since yesterday.
Image by TradingView
Despite today’s rally, XRP price looks bearish on the hourly chart. If the decline continues, traders could see a test of the local support at $0.5276.
Image by TradingView
On the larger time frame, the altcoin rate is trading within yesterday’s candlestick range. If the situation does not change by the end of the day, a more likely scenario is a continuation within the narrow range of $0.52 to $0.54.
Image by TradingView
From a medium-term perspective, we need to pay attention to the weekly closing price of the $0.5026 support level. If a breakout occurs, the accumulated energy could be enough to move into the $0.45 zone.
At the time of writing, XRP is trading at $0.5303.
