Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency market seems undecided as yet as to which way to go at the beginning of the week.
XRP is the biggest gainer today, rising by 1.53% over the last 24 hours.
On the hourly chart, the price of XRP has broken the local resistance level at $0.35197. If the rate can hold above it until the end of the day, the growth may continue tomorrow to the $0.36 mark.
On the bigger time frame, the situation is also positive as today's candle is about to fix above yesterday's. Thus, XRP might have accumulated enough power for a midterm rise.
In this case, there are good chances to see an upward move to the next resistance zone around $0.37.
On the daily time frame against Bitcoin (BTC), XRP is also looking strong. If the bar closes near the 0.00002118 mark, the breakout may lead to the 0.000022 area by the end of the month.
XRP is trading at $0.3555 at press time.