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Most coins are bouncing back at the beginning of the weekend, according to CoinMarketCap.
XRP/USD
XRP has gained a lot of value today, rising by 4.34%.
On the hourly chart, the price of XRP might have set a local resistance at $2.3915. However, if the daily bar closes near that mark, the upward move is likely to continue to the $2.45 zone by tomorrow.
On the bigger time frame, the rate of XRP is far from the key levels.
As neither side is dominating, there are low chances to see sharp moves by the end of the week.
From the midterm point of view, the situation is similar. The volume remains low, which means sideways trading around the current prices is the more likely scenario until the end of the week.
XRP is trading at $2.3626 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team