The cryptocurrency market has almost recovered after a recent correction, and most of the top 10 coins are in the green zone. Bitcoin (BTC) is the only loser from the list, falling by 2.40% over the last day.
However, the cryptocurrency market capitalization is unchanged since yesterday and is now around $1 trillion.
The relevant data for XRP is looking the following way:
Market Cap: $15,348,527,649
Volume (24h): $8,662,957,616
Change (24h): 3.94%
The data is relevant at press time.
XRP/USD: Can $0.40 be achieved before an upcoming correction?
XRP is one of the biggest gainers in terms of the price change over the last week. The rate of the altcoin has rocketed by 51.25%.
On the hourly chart, XRP is trying to show short-term growth after a sharp drop to $0.31. At the moment, it is too early to consider a move to $0.40 as the power is not enough based on the liquidity. In this case, the nearest target is $0.3609.
On the bigger chart, XRP is in the consolidation position before a continued rise. The coin has gathered enough efforts for the retest of the vital level at $0.40.
In addition, buyers' strength is confirmed by high liquidity at the current levels.
In the longer term, XRP has the chance to come back to $0.50 in a few weeks if bulls keep trading above $0.30. However, the trading volume is not enough for a sharp rise, which means that more time is needed to get back to the bullish trend.
XRP is trading at $0.3312 at press time.