Some coins have returned to the red zone at the end of the week, according to CoinMarketCap.
Top coins by CoinMarketCapXRP/USD
The rate of XRP has fallen by 1.58% since yesterday. Over the last week, the price has risen by 0.34%.
Image by TradingView
On the hourly chart, the price of XRP is looking bearish as it is near the support level of $0.5310. If buyers cannot seize the initiative by the end of the day, one can expect a breakout followed by a move to the $0.53 zone and below.
Image by TradingView
On the bigger time frame, the rate keeps falling after a false breakout of the resistance of $0.5445. If the candle closes near its low and around $0.53, traders may witness a test of the $0.52-$0.5250 range within the next few days.
Image by TradingView
On the weekly chart, the picture is neither bullish nor bearish as the bar is trading within the previous candle.
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If the situation does not change by the end of the week, ongoing sideways trading in the zone of $0.51-$0.56 is the more likely scenario.
XRP is trading at $0.5295 at press time.
