According to CoinStats, the price of XRP has increased by 0.48% since yesterday. However, on the hourly chart, XRP is falling after a false breakout of the local resistance at $0.5557. If the daily bar closes far from that mark, there could be a local drop to the support level. From a midterm perspective, XRP might need time to accumulate energy for a further move. Traders may witness a consolidation in the $0.54-$0.56 zone over the next few days. On the weekly chart, there is a similar picture, but if the weekly bar closes near $0.5666, there might be enough strength for a move to the $0.60 area. XRP is currently trading at $0.5508.



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