According to CoinMarketCap, bulls have weakened in the cryptocurrency market. The price of XRP has increased slightly by 0.43% since the previous day. On the hourly chart, there is a key level of $0.5868 to watch, and if the daily closing price falls below this level, the price is likely to continue to the $0.58 zone. On a larger time frame, XRP is trading within the previous day's candle, and if buyers fail to maintain the level of $0.58, the price could drop to the $0.56 range in the coming days. In the midterm, XRP is trading between the support level of $0.5026 and the resistance level of $0.6580. Given the lack of dominance by either side, it is more likely that XRP will continue to trade sideways in the range of $0.55-$0.60. At the time of writing, XRP is trading at $0.5859.



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