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A new week has started with the growth of most of the coins, according to CoinMarketCap.
XRP/USD
The price of XRP has risen by 7.79% over the past day.
On the hourly chart, the rate of XRP is in the middle of the channel, between the support of $2.5143 and the resistance of $2.6372. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the price of XRP is far from the key support and resistance levels. In this case, one should focus on the candle's closure in terms of yesterday's bar's peak.
If it happens above it and with no long wick, growth may continue to the $2.70-$2.80 range.
From the midterm point of view, none of the sides is dominating after the rate of XRP has bounced off the support level of $1.7711. In this case, sideways trading in the area of $2.40-$2.70 is the most likely scenario.
XRP is trading at $2.5624 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team