The market has almost recovered its lost positions as almost all of the Top 10 coins are in the green zone. The only exception to the rule is Bitcoin Cash (BCH), whose rate has declined by 1.20% since yesterday.
The cryptocurrency market capitalization has also increased over the last 24 hours and now makes up $463 bln.
The relevant data for XRP today:
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Name: XRP
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Ticker: XRP
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Market Cap: $11,698,763,452
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Price: $0.258180
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Volume (24h): $2,688,430,060
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Change (24h): 0.92%
The data is relevant at press time.
XRP/USD: Is the growth going to continue to $0.30 without a correction?
Yesterday's pressure from sellers pushed the XRP price away from the upper border of a wide sideways channel ($0.260). The pair sank below the trend line, but over the past night, buyers recovered the price above the trend line.
If the recovery continues today, buyers will break through the $0.260 resistance and try to gain a foothold above the wide sideways channel.
On the daily chart, XRP has accumulated enough position and is ready to grow. The altcoin is located in the ascending channel, and there are no correction signals so far.
Thus, the trading volume is increasing, which means that there are high chances of testing the closest resistance at $0.2777 soon.
On the bigger time frame, XRP is also rather more bullish than bearish. The trading volume is slowly going up, confirming buyers' potential. Thus, the lines of the MACD indicator are about to enter the green zone, which considers a long-term bull run. If that happens, the next target is $0.3265 and may be attained by the end of the year.
XRP is trading at $0.2595 at press time.
