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The crypto market is slightly changing to red, according to CoinStats.
XRP/USD
The price of XRP has declined by 0.64% over the past day.
On the hourly chart, the rate of XRP is going up after a breakout of the local resistance of $2.0827. If the daily bar closes above that mark, there is a high chance of seeing a test of the $2.15 area shortly.
On the longer time frame, the situation is also bullish. If a breakout of the $2.1130 level happens, the accumulted energy might be enough for a further upward move to the $2.20 range.
This scenario is relevant all week.
From the midterm point of view, the picture is neutral, as the rate if far from key levels. As none of the sides has seized the initiative, traders are unlikely to see sharp moves soon.
XRP is trading at $2.1167 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team