As the prices of the money are in the red zone on the last day of the week, consumers have taken the initiative.
XRP has risen by 3.46%, joining the list of growing currencies.
The pace of XRP may have found natural support at $0.5391 on the hourly chart. Customers may expect to witness an upward shift to the resistance of $0.5118 tomorrow if they can keep the value above that point. The situation is neither bullish nor bearish on the daily chart as the speed has returned to the channel’s middle following a false breakout of the support at $0.4860.
In this context, the more likely scenario over the coming few days is further consolidation inside the narrow range of $0.50-$0.52. Bulls are aiming to stay in the game as the pace is poised to close above the last candle low at $0.4761 from a long-term perspective. However, the value is still being subtracted from the resistance, which means that customers might need more time to gather their strength for a further move.
At the time of publication, the price of XRP is $0.5074.