XRP Price Analysis for August 27
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The prices of most coins are rising today, according to Coinstats.
Top coins by Coinstats
XRP/USD
The price of XRP has increased by 0.89% since yesterday.
Image by TradingView
On the hourly chart, traders should pay attention to the local resistance at $0.5296. If the bar closes around that mark today, the growth may continue to the $0.5340 zone tomorrow.
Image by TradingView
On the daily time frame, the situation has almost not changed over the last days, which means any sharp moves are unlikely to happen soon.
All in all, ongoing sideways trading in the area of $0.52-$0.54 is the more likely scenario for the upcoming week.
Image by TradingView
From the midterm point of view, the rate of XRP is far from the key levels, confirming that bears might have run out of power. However, the altcoin has not accumulated enough energy for an upward move yet. Respectively, consolidation in the area of $0.50-$0.55 is the more likely scenario until mid-September.
XRP is trading at $0.5261 at press time.
