According to CoinStats, bulls are currently in control of the cryptocurrency market. The price of XRP has increased by 3.26% since yesterday. On the hourly chart, XRP is trading in a local channel with support at $0.5140 and resistance at $0.5426. With most of the daily ATP already passed, there is a low likelihood of any significant price movements by the end of the day. On larger time frames, the future direction of XRP is uncertain, and it may need more time to gather momentum for a potential move. Sideways trading between $0.52 and $0.54 is the more likely scenario for now. In the midterm, neither buyers nor sellers are dominating, and if the weekly candle closes at current prices, consolidation in the range of $0.50 to $0.56 is expected. At the time of writing, XRP is trading at $0.5315.



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