If yesterday some coins were in the red zone, today, the situation has improved. All top 10 cryptocurrencies are again under bullish influence.
Meanwhile, the total market capitalization index has increased by $25 billion and is now at $867 billion.
The relevant data for XRP is looking the following way:
Market Cap: $10,771,286,212
Volume (24h): $5,009,268,464
Change (24h): 3.98%
The data is relevant at press time.
XRP/USD: Can bulls manage to achieve $0.25 shortly?
Yesterday morning, buyers broke through the two-hour EMA55 level and managed to test the resistance of $0.260 before a weak bearish impulse.
However, the recovery failed to continue and, before the end of the day, the pair returned to a narrow sideways corridor at the level of average prices.
If the POC indicator line ($0.230) does not keep the pair in consolidation, then the decline may continue to the support of $0.213. In the second half of the week, it may reach the lower border of the $0.17 channel.
On the daily time frame, XRP is accumulating power for a rise, which is confirmed by high liquidity at the current levels. If bulls keep the rate of XRP above $0.23, the next target of $0.33 may be attained within the next few days.
From the long-term perspective, bulls keep controlling the situation, as they did not allow XRP to fall below $0.20. The selling volume is low, which means that bears have no intention to drop the rate of the altcoin. All in all, the long-term scenario is reaching the mirror level at $0.43 within a few weeks.
XRP is trading at $0.2374 at press time.