Altcoin market update + XRPUSD

The consolidated chart for the Top 10 biggest cryptocurrencies in terms of market capitalization (excluding BTC) shows us that the bear flag on the daily chart resulted in a drop to $530 where we found temporary support (actually a relatively stable horizontal S/R line). What we need here is for the price rebound from that level and surpass $610. As you can see on the chart, this level was a solid resistance in the past and it took some time before bulls break it after the last major drop registered on September 24, 2019.

The total market cap for the leading altcoins remained almost flat for the seven-day period, loosing "just" $1.5 billion down to $63.1 at the time of writing.

• The Ripple company token XRP corrected its price to $0.172 on Friday, March 27 after buyers failed to capitalize on their previous attack of the $0.19 level, and were brought back down at the end of the session.
  
  The weekend of March 28-29 started with a similar move, but in the opposite direction and the “ripple” regained its position around $0.175. On Sunday, it experienced a hard drop to $0.162 and closed the seven-day period 10 percent higher.
  The XRP/USD pair opened the new trading period on Monday, March 30 by climbing up to $0.171. The coin is slowly but surely making its way up, step by step. A move in the zone above $0.18-$0.185 will set the ground for an attack of the $0.23. The $0.185 line is also coinciding with the Fibonacci retracement 23.60 line, which may serve as an endpoint.
  
  
  
  
  In terms of trading volumes, they dropped from $2.7 billion on Saturday to $1.7 on Sunday evening, which resulted in a 37 percent decline. We saw a partial recovery on Monday and Tuesday with the 24-h volumes hovering around $1.9 - $2.1 billion.
  
  Looking at the 1-h chart, no surprises as we are following the path down the very stable downtrend channel...