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Bulls are not giving up even on the weekend, according to CoinStats.

XRP/USD

The price of XRP has increased by 0.48% since yesterday.

On the hourly chart, the rate of XRP is falling after a false breakout of the local resistance of $0.5557. If the daily bar closes far from that mark, one can expect a local drop to the support level.

From the midterm point of view, the price of XRP might need time to accumulate energy for a further move.

In this regard, traders may witness a consolidation in the zone of $0.54-$0.56 over the next few days.

A similar picture is on the weekly chart. However, if the weekly bar closes near $0.5666, the strength might be enough for a blast to the $0.60 area shortly.

XRP is trading at $0.5508 at press time.