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Most of the coins are continuing their bull run at the beginning of the week, according to CoinMarketCap.
XRP/USD
XRP is one of the biggest gainers today, rising by 5.23%.
On the hourly chart, the rate of XRP might have set a local resistance of $3.
As most of the ATR has passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the price of XRP is testing a resistance of $2.9750. If the daily candle closes around that mark, traders may witness a level breakout, followed by a move to the $3.10 range.
From the midterm point of view, it is too early to make any distant predictions. One should pay attention to the candle's closure in terms of the $2.99 level. If the bar closes with a long wick, there is a possibility to expect a correction to the $2.70 zone.
XRP is trading at $2.9569 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team