XRP fell by 0.8% over the past 24 hours.

XRP is becoming negative on the local chart despite the small increase from yesterday. At $0.3506, the previous support, the price has been breached. It has now established new hourly supports at $0.3478 and $0.3492, respectively.

On the daily time scale, the scenario is the reverse because the rate is close to the $0.3570 resistance level. It is too soon to consider an upward movement, nevertheless, as purchasers must fix the rate over the aforementioned threshold in order to seize the initiative. If it occurs, the rise might continue up to $0.37.

The situation is also more positive than pessimistic from a midterm perspective. Buyers are attempting to take the lead following the bearish candle that has closed. Currently, one should keep an eye on $0.35 because a close above it may be necessary before moving into the $0.37 area. The volume is increasing, confirming the might of the bulls.

At the time of writing, the price of XRP is $0.348.

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