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October has started with market growth, according to CoinMarketCap.
XRP/USD
The rate of XRP has gone up by 3% over the past day.
Despite today's rise, the price of XRP keeps looking bullish on the hourly chart.
If bulls can hold the initiative and the resistance breakout occurs, the upward move is likely to continue to the $3 zone.
On the longer time frame, the rate of XRP is on its way to the resistance. If the daily bar closes around current prices or above them, traders may see a test of the $3 zone soon.
From the midterm point of view, the situation is less bullish. The price is within the previous candle, which means none of the sides is dominating at the moment. In this case, sideways trading in the area of $2.80-$3 is the most likely scenario
XRP is trading at $2.9402 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team