Is the decline in XRP over yet?
The cryptocurrency market is facing a rebound over the weekend, according to CoinStats.
XRP/USD
XRP price has remained almost unchanged since yesterday.
On the hourly timeframe, XRP price touched the $0.5032 support once again. In case of a breakout, there are chances to see the $0.5020 zone soon.
On the daily chart, the price made a false breakout at yesterday's candle top. If the bar closes near the low, investors could witness a continued decline to $0.50 next week.
From a medium-term perspective, buyers failed to sustain the uptrend following the previous bullish bar.
In this context, a test of the nearest support level of $0.4780 is likely.
XRP is trading at $0.501 at the time of writing.
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