Original U.Today Article
Is the correction of XRP over?
According to the experts, the rates for most coins are increasing. However, some exceptions exist. CoinMarketCap.
![](http://u.today/sites/default/files/inline-images/top10_1064.png)
XRP/USD
XRP’s price has dropped by 0.78% in the past 24 hours.
![](http://u.today/sites/default/files/inline-images/xrp1_144.png)
On the hourly chart, despite today’s drop in XRP rate, it looks bullish. The daily candle could close around current prices and then move up to $0.51.
![](http://u.today/sites/default/files/inline-images/xrp2_139.png)
The picture looks similar on a larger timeframe. Price of XRP bounced back off $0.47, which shows that bulls will not give up easily. Technically, accumulated energy could be sufficient for a movement to the $0.53-$0.54 zone.
![](http://u.today/sites/default/files/inline-images/xrp3_133.png)
The situation on the weekly chart is not clear as the price has a long way to go before it reaches the major levels. Since neither side has taken the lead yet, a consolidation in the area of $0.50 is more likely.
At the time of this press release, XRP was trading at $0.4978.
Author
Denys is a veteran trader with more than five years experience. He has an in-depth understanding of technical as well as fundamental analysis. He has a blog at TradingView, where he publishes relevant information about the top coins and gives predictions.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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