On the last day of the week, the bullish mood can be applied mostly to Bitcoin (BTC) as it is the main gainer. The price rise of the chief crypto has accounted for almost 10%.
Respectively, the dominance rate of Bitcoin (BTC) has increased in recent days and is now 70.9%.
The relevant data for XRP:
Market Cap: $12,653,251,683
Volume (24h): $9,364,214,654
Change (24h): -5.59%
The data is relevant at press time.
XRP/USD: Can the $0.20 level be tested by the end of 2020?
XRP is the main loser today as the rate of the third most popular coin has fallen by 7.40% since yesterday, while the price change over the last week has made up -51.64%.
On the daily chart, XRP has bounced off the support at $0.2673. The potential short-term rise is supported by a high buying trading volume and liquidity level.
However, such a move is just a correction after a fall but not a bullish trend revival.
On the longer time frame, XRP could not fix above $0.3782, which means that there is a high chance to retest the $0.2460 level. If buyers do not hold this level, bears may seize the initiative in the long-term perspective.
On the weekly chart, XRP is mostly dominated by sellers based on the trading volume. If bulls cannot fix above $0.30 next week, the next target might be the far support at around $0.11.
XRP is trading at $0.2807 at press time.