Even though most of the top 10 coins are still in the green zone, the bearish mood becomes more powerful. The biggest winner is Tezos (XTZ), whose rate has increased by more than 5% since yesterday. However, if a few days ago the price of Bitcoin Cash (BCH) increased due to the reduction by half, it is now in the red zone, posting a decrease of 3.39%.
While Bitcoin (BTC) continues to trade sideways, altcoin rates have been more volatile, which has influenced the market share of the main crypto. Its index has dropped slightly recently and now stands at 64.1%.
The relevant data for XRP is below.
Data is relevant at time of press.
XRP / USD: analysis of the chances of staying above $ 0.20
Yesterday, XRP transaction volumes were at their usual average level. Buyers could not overcome the resistance of the upper trend line and the price fluctuated all day long at the psychological bar of $ 0.20.
Today, the fall in prices can be limited to the support of the rising trend line. If the sellers manage to push the support to $ 0.187, the chances of a new resistance test of $ 0.213 will decrease greatly.
On the daily chart, the XRP formed a bearish divergence on the RSI indicator. In addition, the volume of trade has continued to decline, which means that it has already reached a local peak and that the correction has come. In summary, the closest area that XRP could reach is support at $ 0.18.
XRP is trading at $ 0.1984 at press time.