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Bulls are not going to give up so easily, according to CoinStats.
XRP/USD
The price of XRP has increased by 4.64% since yesterday.
On the hourly chart, the rate of XRP is rising after a breakout of the local resistance level of $0.6169. If the daily bar closes around the current prices, one can expect a further upward move to $0.64.
On the bigger time frame, one should pay attention to the candle closure in terms of yesterday’s bar peak. If it happens above $0.65, buyers may seize the initiative, which can lead to a test of the $0.66-$0.68 zone soon.
On the weekly chart, neither side is dominating, which means any ups or downs are unlikely to happen.
Respectively, consolidation in the narrow range of $0.60-$0.65 is the more likely scenario until the end of the month.
XRP is trading at $0.63 at press time.
