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According to CoinGecko, over the past 24 hours, XRP, which ranks sixth in the list of the largest cryptocurrencies by market capitalization, added 1% and rose to the level of $ 0.4160.
XRP lost slightly in tandem with Bitcoin (BTC) by 1.29% and Ethereum (ETH) by 1.63%. The market capitalization of the token is about $ 20 billion, being between Binance Coin (BNB) with a market capitalization of $ 52.3 billion and above Binance USD (BUSD) with a market capitalization of $ 18.6 billion.
Looking at the 4-hour chart of XRP/USDT, we will see that the Relative Strength Index (RSI) is preparing to cross the RSI SMA line. This circumstance indicates a potential bullish movement. While the price is in the consolidation phase, but the breakthrough of the consolidation phase may occur in the next 8-16 hours, depending on how XRP behaves.
One of the confirmations of the bullish trend will be the breakdown of the price of XRP 8-EMA and 20-EMA, which over the past few days have been acting as a resistance level.
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