#GOATMoments A correction has arrived on the #cryptocurrency market. However, there are some coins that are still rising.
Top coins by CoinMarketCap
XRP/USD
The rate of XRP has fallen by 8.60% over the last 24 hours.
Image by TradingView
On the hourly chart, the rate of #XRP is trading in the middle of the narrow channel. Volatility has declined, which means sharp moves are unlikely to happen soon.
However, if the price drops to the $0.70 zone, the breakout may lead to a test of the $0.66 area tomorrow.
Image by TradingView
On the bigger time frame, traders should pay attention to the interim support level at $0.6673. While the price is above that mark, sideways trading is the more likely scenario. But if bears seize the initiative, the fall below the aforementioned rate might be a prerequisite for a further downward move to the $0.65 area and below.
Image by TradingView#BinanceTournament
On the weekly chart, the rate of $XRP has broken all possible resistance levels. Currently, one should focus on the nearest support at $0.6570. If the candle closes above it, the rise may continue to $0.80 next week.
XRP is trading at $0.7185 at press time.#Binanceturns6