<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Bulls are still holding the initiative, according to <a href="https://u.today/cardano-ada-price-analysis-for-august-19" rel="noopener noreferrer nofollow">CoinMarketCap's ranking</a>. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="90669b25-9442-4a23-81c4-7914ed7a0417" src="https://u.today/sites/default/files/inline-images/top10_609.png"> 
Top coins by&nbsp;<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
<h2 id="xrp-usd">XRP/USD</h2> 
The rate of XRP has risen by 8.37% over the last 24 hours. 
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="ad5cc909-92c8-4069-bc85-069241046a83" src="https://u.today/sites/default/files/inline-images/xrp1_83.png"> 
Image by <a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the rate of XRP has broken the local resistance level at $0.5283. Currently, one should pay attention to the interim mark of $0.55. If buyers can hold the gained initiative, the upward move may continue to the next zone around $0.57. 
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="34294849-681a-491a-8d5e-2d8c7c4a3173" src="https://u.today/sites/default/files/inline-images/xrp2_78.png"> 
Image by <a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
A better situation is on the daily time frame. However, here one also needs to focus on the bar closure. 
If it happens with no long wicks, the growth may lead to a test of the $0.57-$0.58 zone within the next few days. 
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="7e31ea4e-9388-4e1e-a81e-90053ebb42d5" src="https://u.today/sites/default/files/inline-images/xrp3_71.png"> 
Image by <a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the weekly time frame, any sharp moves are unlikely to happen next week after the recent high volatility. The volume has dropped, which means traders are likely to see sideways trading in the area of $0.50-$0.55 until the end of the week. 
XRP is trading at $0.5442 at press time.

XRP Price Analysis for August 20

Table of Contents

U_Today

Other articles published on Aug 20, 2023

Sally Ho's Technical Analysis 19th March 2019

Judge favors Treasury in Coinbase-backed lawsuit over Tornado Cash sanctions

CRDO Stock (CRDO) Struggles Near 200 day EMA, Shows Bearishness

Gemini Lodges Brief in SEC Case Regarding Unregistered Securities!

Will You Ever Buy Lunch With Bitcoin?

Safely Navigating Decentralized Finance: Prioritizing Security and Education

Join our free newsletter for daily crypto updates!